october 9, 1886, vol. 43, no. 1111 - fraser
TRANSCRIPT
xmtkHUNT'S MERCHANTS' MAGAZINE;
REPRK3ENTINQ THB INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
VOL 43. NEW YORK, OCTOBER 9, 188& NO. 1,111.
^ttuitucial.
AMERICANBank Note Company,
78 TO 86 TRINITY PLACE,
NEW YORK.
Iimi I I ^*0r Un •« MaU mt Im Tali, IM^—«* >»r*L
EiKauTcsri AjfD rammi orBONDS. POSTACK A RKVENUK STAMP*.LCCAL TCNDCn AND NATIONAL BANKNOTES of the UNITED STATES; and forforign Covernmants.
ENCRATING AMD PURTIHO,BAXK NWTca, tmxMK onmncATKa•«r*N ••TKK.^MKjrra A<>» OAsrouATioMa,•mArra, caMsa, Biixa cr r.Mii«>bK.•TAMPa^ *•, U Ik* S»»«t4 BMt •rtUUo M/ls
rSSlI WTKMt. rLATU,M OAK atiaaiiaaa m ramsT iwi immiifc^•riM|i«H> l»«l I I1<1< Ij Ihr— «<U»fl»|IH.
•AFETV COLOMS. •AFKTV PAPERS*W«rk giM*««< la Pln»M*rB*a41aa>.
BAiLWAT TirKCT* sf iimMrED arruibab«« ciMt% I itili, r»l»«an*
BLANK MOKSOr EVEKV OESCWPTMAUOn •. MOSUL. PraMaL
V!'-E.rSISU)CXT^ :
1 ACOONOUQH. A. B. SHEFARO.V. M. SMILLIC. TOURO ROBERTSSa.
THCO. H. FREEUNO. Sacfraa^Ti
AAA P. ruma. f>rwx J. w. Wuu. I'aakMr.
Maverick National Bank,BOSTON.
OAFrrAt., . •400,IMMBl KFLIJS, ...... . . 4eo,««o
^iuauciat
DIAMONDS'.Alfred H. Smith & Co.,
IMPORTERS,182 Broadwsy, Cor. Jokn Street
'gixmncisCU
J-
SOLID SILVER.
GORHAM MTg Co.BrsAdway and Niaeteentli Street,
AJID 9 UAWSS LANK.
Houghton Bros. & Co.,B A N B R8,
ILWAt'KKK, WIS.COLUKnuMB Bad* In mat tnt of lb* eoaDtrrloWMt nta*. AeouooU o( Baoka, Marataanu uid
•r1«aNM
Bank and Baak of Hotth Amar-' Natloaal, CkioMai M*t-
Floyd-Jones & Robison,ARKKRS AND BBOKKR8,
!*•• • KZBkaac* c«art. Raw T*rk.SMMik Ba^ aa« D. B. Oararaaaa
Boaabt aaA SoM oa ro—twlWm. c FulTD^rQ»aik William tux
MawtawWaSToTtBtoat Biiryinai
J.A. Kohn & Co.,
IS BBOA* ST. (IfiLLa BuiLODra), If. T.Mamkara of !(•« York Btoafe Bii*ani»
BxacBl* Order* In Boada, Sto«ka •<forricn KxrhanKC.
FrlaM laTcaiMral B*a^ a Mvcdaltr.
••lara la lac«llaaaaaa a«aarlUa«.
TINKER * WESTOM,BAJIKJBR8 AKD BBOUUiB.
B*. » BZOHAKOB OOt7BT,Haav T*rtl.
BBnrr C. Tnraca. Maatar M. T. Btoak Baah.aaaai laa wa»w»»
STOCK BKUHER.Lansdale Boardman,
BRW YOBB,MBROAIiWAr * A ITKW BT.
TBOV, n. T., Bo. 17 mart btrket.
: prtvatawtrai all (hotniiaa
llaBkan H. T. and Phlladalphia Htoak Knhaiiaaa.
L. H. Taylor & Co.,BANKERS,
S. W. C«r. Third aad rkaataat Sta.,
PHILADELPHIA.Diveana raMrad «abj«:t '"J-m n' —g'- aad
"-^irNSfaSvl^f"Paitlaalar atMotiun ii.»n tu Inroraatloa laaardlaa
Inrestment tfecantlaa.PrlTatawlr* to Naw Yurk. BalumoraaadoUiarplaoaa
Henry S. Ives & Co.,BANKERS,
m: t< HASBAD ST., IfBW YORK.P. O. BOX l.«aL
a (•naral bankinc bulnaaa. Inoladlna tha
liiiiaaan aad aala of MoartUa* lutad at Lb* N*«TorkBUiek Kxobaoc*. or la th* opao markat.
BaaalT* dapnalt* nb}*«t to abaek at atabt aodallow loi««>ton dallr balanoaa.
OoT*niiB*nt, But*, rnantj. CItr aad Rallraad
laBtlir oa hand for aala or azcbamta, aad
lalM IHiilliin r~"~ to tha tabjaot of UtTaat.
tar laaUtatlooa and traat faada.
Joaa Ho»aw> t.«Taaa. raanaaioK W. PbbbtMaabar of N. T. Stock Kzahaoaa.
J. H. Latham & Co.,ClflTED BANK BlIILDraO,
N*. a WALL HTHKBT, NBW TORB.CItr. Ooaatr, Btata, Rauraad, Dtetnat of Oolnaikla
Boaida aad ForalaB BiohaaaabOomapoodaaaa Bollaltad.
. C. Walcott & Co.,BANKKRS AND BBOKBB8.
IVo. H PlB* Btract, ReBr Tork.
Trsnaact s Beaersl BAnkiBg BiuiBenBtoekj aod Bond* bomibt and wld on Commlaalon,Ordan laealTad la mib1b« Blaaka,aDd la DaluiadBaeaittla*. OoUaatloaa aada and toaaa aacotlawd.
Dtrtdaada and Intaraat aollaeMd.D*poalta raoalrad aabjaet to Draft.
Intaraat allowad. iBTaatmant •aeonua* a •paalalty
Wa laaaa a naaaatal Baport waaklr.
JM.a Walcott, i MaBban of tba Naw Toi kr>A»K F. Dic«iirat»».t atock Baehaaa*
F. E. Trowbridge,BA.VKBR A.VD BROKKR.
Noa. 8*5 Broad or S9 Wall Btroota.
(Bbahcb ornci. HO BaoAOWikT.)
Manbar of tb* Naw York Stoat Bxchaaca. IM-
r««tor of Marohanta* Kzcbanga Natloaal Bank,Aaarlean Barlmt Bank, Amartoaa 8ata DapoaltOompaar, Ao„ Aa.
Baoanttaa boniiht aad aold oa ooamlialon. for
CMh or on aiarsln. All loqolrlaa iratnltoiulr raa-
poodadto, Oor<aapondaneaaolicli*d.
H. B. Hollins & Co.,
'
Tt A T4 BROADWAY, NKW TOBl
CoBaaapoNDkMTa
:
Maaan. B. W. CLARE A CO.. I p-,, . ._ -_,
.
DBVBM8 A TUCKBHMAN, Boarolt.
JAaaa WarraLT. a. Choobb OAmtMt,Matkaad C. Braa.
niHBT II. DOOOB. WaablBSton. O.aWm. R. TltATBBa, Spaolal Partoar.
Prince & Whitely,N*. *4 BROADWAY, NBW YORK.Bbasob orricaa
} aae isth St.. Waablnatonrb. OBar and tall on ooaunlaaioa aJI eiaaaaa of Railroad
4*aw1uaaLalao Orsln and Prortalon*.PrlraU Talagiapb wiraa to Pblladalpbla, Wllailac.
oa, BaltlBor*, Waablndtoa, Brldaaport, Naw HaraaBoatoa aod Pttiabara-
William T. Meredith,48 WALL BTRBKT,
(Bank of Naw York Bulldlni).
Boodi and Stocks bonabt aod aold at tha Ifaw
Tork Stock Kzcbanse.BO.ND8 AND INVB8TMBNT SBCURITIBB FOB
8A LB.
W. H. Goadby & Co.,BANKERS ABD BROKSBB,
Ifo. S4 BROAD 8TRBE1.Now York.
SpeclalUtB Id Railroad BoDds.
Buttrick & Elliman,
18 WALL STRBBT, NBW TORK.
OOBBEBPOMDENCB IBVITJED.
THE CHRONICLE. [Vol. XLn.
gaufejers awjft gt:awjers 0f l^oreifltt l^xcltaiiflie.
Drexel, Morgan & Co.,WALL STREET, (X)RNER OF BBOAD,
NEUr YORK.Drexel & Co.,
Oor. ofBtb &Chestnut Sts.
PHII.ADBI.PIUA
Drexel,HarJe8 & Co
31 BonleTard Baaaamanii,
PARIS.
DOMBSllO AND FOREIQK BANKERS.DepoBlts received subject to Draft. Securities
bouKnt und sold on conjmleslon. Interest allowed on.Deposits- KorelKn KxchanKe. Commercial Credits.
Owle Transfers. Circular Letters lor TraTelers,arailable In all parts of the world.
ATT0RNKT8 AND A0KNT8 OF
meur*. J. 8. inUROAN & CO.,Wo. 22 OLD BROAD STREET, LONDON.
Brown Brothers & Co.,Phila. NEW YORK. Boston.
ANDAI.BXANDBR BROVTN tt SONS
BALTIMORE.Bny and 8ell Bills of Exchange
ONGKBAT BKITAIN AND IRBLAND, FKANCBOKRMANY, BKLGIUM, HOLLAND SWITZ-
ERLAND, NUKWAY, DBNMAUK,8WKDBN AND AUSTKALIA.ne Oonunerclal &. Traveler*' Credits
ijy aTEHLiNa,ATallable In any part of the world, In FBAN08 for
ate In Martinique and Guadaloupe, and In dollars forate In this and adjacent countries.
make Telegraplilc Transfers ofMoneyitetweeu tlii» Couutry and liurope.MAKE COLLECTIONS OF DRAFTS drawnabroad on all points in United States and Canada,and of drafts drawn In the United States on
foreign countries
j
and their London house. Messrs. BROWN, SHIPLHTA CO., receive accounts of American banks, flrmB
and Individuals, upon favorable terms.
J. & J. Stuart & Co.,S3 NASSAU STREET.
BILLS OF EXCHANGE ONSiniTH, PAYNE & SMITH'S,
BANKERS. LONDONHANCBESTER A: COl7NT¥ BANK,
"LIMITED,"MANCHHSTBR, PAYABLE IN LONDONVliSTER BANKING COHIPANK,
BELFAST, IRELAND;AND ON THE
NATIONAL BANK OF SCOTIiAND,EDINBURGH AND BRANCHES;
ALSO,
CABLE TRANSFERSAND LETTERS OF CREDIT.
John Munroe & Co.,No. 32 Nassau Street, Neir IToik.
No. 4 Post Office Square, Boston.luae Circular Letters of Credit for Travelers' Use
broad against Cash or Satisfactor>Guaranty of Re-payment,
BxehanKe on London, Paris, Berlinand Znrlcb.
CKIOIT8 OPENED AND PAYKENT8 MADE BT CABLE.
Paris Bouse—mCNROE & CO.
Schulz & Ruckgaber,BANRfiRS'
39 VriLLIAim STREET, NEIV YORKCOBRK8PONDKNT8 OF THE
>tternatlonaI Bank of London(Limited), London.
•rs. Jobn Berenberg, Oossler& Co.Hamburg^.
nessrs. narcuard, Krauss & Co., ParisCommercial and Travelers' Credits.
Bills of Exchange. Cable Transfers.
Unger, Smithers & Co.,BANKERS AND BROKERS,
Members of the New York Stock ExchangeDBAUB8 IN FOKKIGN KXCHANOE, GOVERNMENT
AND OTHKK INVESTMENT BONDS.STERLING LOANS A SPECIALTY.
44 IVall St. and »3 Oreeue St., N. Y.Buy and sell on commission, loir Investment or on
~^%rgln, all securities dealt in at the New York StockcchauKe.
Canadian Bank of Commerce.Capital, t6,oao,ooo. Surplus, tL600,ooo.
J. H. eOAllBY & B. E. WALKER,JOINT AGENTS,
1« BXCBANUE PLACE, NEfVYORKBUT AND SELL 8TKHL1NO KXCHANOE, CABLE
TRANSFKK8, ETC.ISaOB COMMERCIAL CREDITS, AVAILABLB
IN AXOi PARTS «* TUB ^OBLD.
August Belmont & Co.,BANKERS,
No. 12 Pine Street,IBSDB TRAVELERS' CRKDITS, available In all
parts of the World, throughMessrs* N. IVI. UolhHchlld Ac !<4onH, ijondon.
" de Kollinchilil Hron., I'aria." H. A. rie KoihachildAcBlans. Frank-
ion ovjii,
S. AE. de RothHchild, Eaq., Vienna.AND TUKIK COBHESPONDENTS.
Draw Bills of Exchange on, and make Cable Transfeni to, England, France and Jiermany^
j. & W. Seligman & Co.BANKERS.
No. 23 BROAD STREET,New York.
Issne Letters of Credit for TrayelersOn SELIGMAN BKOTIIKRS, London.
SELIGMAN KKKKKS & CIK. Paris.SELIGMAN A r-TKTTUKlMER, Frankfurt.ALSBBKG, GOLDBERG & CO., Amsterdam.ALTMAJS A STKTTUEIMKR Berlin,
Payable In any part of Europe, Asia, Africa, Aus-tralia and America.Draw Bills of Exchange and make Telegraphic
Transfers of Money on Europe and California.
J. Kennedt Tod.H. O. NOBTHCOTS.
ALEXANDER BARING.Member N. Y. Stock Exch'ge
J.Kennedy Tod & Co.,
No. 63 WILLIAM STREET,BANKERS.
Act as Agents for Banks, Bankers and RailroadCompanies.Issue commercial credits, also foreign and domestic
travelers' letters of credit in pounds sterling & dollars.
Offer Investment Securities.Buy and sell bonds, stocks and securities in all Am-
erican, Canadian, British and Dutch markets on com-mission. Collect dividends, coupons and foreign andinland Drafts.
Sell Bills of Exchange onMELVILLE. EVANS & CO., (, n^nn^C. J. IIAMURO dt SON, 'jLONDON.MARCUARD, KRAl)S8 & CO., ip.niMHUTTIMULER >& CO., {1-AK.lS.
John Paton & Co.,SUCCESSORS TO
JESUP, PATON & CO.,
62 TVUUam Street, New York.Accounts and Agency of Bf..nkB, Corporations
firms and Individnals received upon favorable termsDividends and interest collected and remitted.Act as agents for corporations in paying coupons
and dividends; also as transfer agents.Bonds, stoclis and securities bought and sold on
commission, at the Stock Exchange or elsewhere.Sterling Exchange and Cable Transfers bought and
old.DRAW ON
THE UNION BANK OF LONDONBRITISH LINEN CO. BANK, LONDON AND
SCOTLAND.
Maitland, Phelps & Co.,BANKERS
Ain>
COMMISSION MERCHANTS,22 L& 24 Excbange Place,
New York.
bills of exchange, letters of credit,
telegraphic transfers of moneyON MEXICO, CUBA, &c., &«.
Kidder, Peabody & Co.,FOREIGN BANKERS,
1 Nassau Street, New York,
118 Devonshire Street, Boston.
ATTORNEYS AND AGENTS OF
Messrs. BARING BROS. & CO., London
COnEiHERCIAL CREBITS,Clrenlar Credits for Travelers.
Oablb Transfers and Bills of Exchange onGreat Britain and the Oontinent.
KOIJNTZE BROTHERS,BANKERS,
120 Broadway, Equitable Building,New YorkLETTERS OF CREDIT AND
CIRCULAR NOTESIssued for the use of travelers in all parts of the
world. Bills drawn on the Union Bank of London.Telegraphic transfers made to London and to variousiilaces in the United Stat«8. Deposits received sub-eot to check at sight, and Interest allowed on bal-ances. Government and other bonds and investmeni•MnrlUea bonsiit and lold on ooouuiulon.
Heidelbach,
Ickelheimer & Co.,20 WILLIAm STREET,
Cor. Exchange Place, NEW YORK.
FOREICBT BANKERS.BUY AND DRAW BILLS OF EXCHANQB,MAKE CABLE, TRANSFERS. ISSUE TRAVB1»BBS' CREDITS.ISSUE COMMERCIAL CREDITS, AVAILABLB
IN ALL PARTS OF THE WORLD, ONVegsra. C J. Ilambro it Son. London.
^peci^iX IttUjestmetxtB.
American Bank Note Co.'s Stock.
Detroit Mackinac & Marquette RR.Bonds, all issues.
Texas & Pacific Income and LandGrant Scrip.
Toledo & Oliio Central Railroad Stockand Scrips.
BOUGHT AND SOLD BY
TOBEV A. KIRK,4 AND 6 RROAD STREET,
NEVr YORK.
Geo. H. Prentiss & Co.,
No. 49 WALL ST., NEUT YORK
,
AND
*08 mONTAGVB ST., BROOKLYN.
OAS STOCKSAND
OAS SECVRITIBS,Street Railroad Stocks and Bonds
aND AUi KINDS Of
BROOKL.YW SECURITIESDEALT IN.
aaa gas quotations in this paper
OBO. H. PKBNTISg. W. D. PRKNTI88. W. W. WAL8BMember N.Y.Stock Exch.
WML. C NO^iTES,No. 96 BROADWAY,
DEALER IN
CITY RAILWAY STOCKS,GJ^AS STOCItS,
TRUST CO.'S STOCKS'TEL.EGRAPH STOCKS,
Bank Stocks, Insurance Stocks.See my quotations of Trust and Telegraph Stock*
In Saturday's Eventno i*ogt and DaUv Indicator.
E. S. Bailey,51a PINE STREET.
DEALINGS IN
INSURANCE STOCKSA SPECIALTY.
Cash paid at once for the above securities : or theywUI be sold on commission at seller's option.
raemplils &. Little Rock RR. Bonds,msa. & Tenn. RR. Bonds,Carolina Central RR. Bonds,Ga. mid. & GnU Railway Bonds,Atlanta & Charlotte A. L. R'y BondsRIenipIils Sc Cbarlestou RR. Bonds,And iniscellan^oas Securities,
BOUGHT AND SOLDBjr R. A. LANCASTER ic CO.,
10 Wall Street.
IF YOU WANT TO BUY OR SELL ANYPUTS OR CALLS (IN STOCKS ORBOND*
write to, telegraph to, send lor, or call on,H. w, rosknbal'm,
HO V.xchiiiigf> ptnrp, New^-Yorli.Send for mv new Circular lust Issued.
Gas, Insurance, BnnkH. City Railroad*.&c. Send for list pnblihlietl Mondays.J. P. WINTRIAUUAM, 36 I'lne St., N.Y.
October 9, 18WJ.] THE CHKOWICLE. lli
l^nuliers aufl Broilers in ^cm '^ovU Cltg.
Fred. H. Smith,BANKER * BROKER,
No. so BROAD NT., NBW VOKK.TwuitT TMn' upancooa In KaUnxd Bonds. Pai-JM IHifrMir «o ttj or mU UBOTiraBt ~ -^
mSSSttarcSnottmlSSgST^
CBA*. t. TovxnjcD. LAirBna & WAMxmvKi.tUBbw N.r. Stodk KzAmw*.
Jxo. P. TomnKXD, 8pe«Ul Putoer.
Townsend & Washburo,BAVCERS AHt> BBOKBB8.
If*. • WTnU StTMt, Raw T«rk.
SrtMkD flT«a to DnjMad tanrttMi.
WB.T.CABOLUI.-- - rK. T
rifi.ir. oo»
Carolin & Cox,ken 4c f^BBlMt«> Stock Broken
Ho. 96 BBOADWAT.anMkOao^tU Madtooa At,Mr.4M8U >*•« Tort
Pi»ailU no^v» nblMt to akMk M •ickl.aa*IM««M allond oa d^r flinim. All Weak* aa*aaafttlaa daalt la at Ua Maw T«fk Moak kaakaaattowht —4 aoM oa On—Iwliia. (or Caab or a*aaHarrow.
Wood, Huestis & Co.,81 PIKB flTTBEET. ITKW YORK.BAMKBBa ANB BBOKKKS.
vcoaaoaa to
WOOD * DATIS.qrOara la aO M«aMMa IMad at tka Naw
t Bxehanfa. Vnr 8ala
:
HjkiLBuAD •'laar MoKTOAaa Boiroa.WOUU. C. 11. UUnriS. L.M.8WAM.
WAi^ioa B. Baowa.HaBasBT P. Baowa.
Walston H.Brown& Brot
BAHrKEBS,n*. ta IfAMIAO MTK
KW YOKK
Hamilrnn fe Bishop,
paMib aafeanaa4 aMwn faaa«*«iMMaaaaa A •UMlFOaBBMla
alialalia|iaiii>M"»aB4«alaai*Bifc lit >nnAntraia TiMafKwira la Athaa^f
ng|ia«»r.BjB^ Biiii^ Cteralaatf •Btaw ua C"
R. J. Kimball & Co.,BA9KEB8 ARD BBOKERS.
IT Taw** MaMMTikla Naw Tort Mock Kiohaaaa.Maabtfi PMIadaiphla Muck Kichaac*.
Noa. I« * IS BroaA Stroa*, Naw York.Bay and .att oa aowalaitaa, tar \w
nn.allMHafttlateaMlBatUa.Nr.MoakCsab.kuaaar J. KtiiaaLi- ALrmaii B. t.iiraaaiBT
r. II. innt^vt^ BnwABD P. AixiaaMaabar H. V. Ala* Brnkaww.
Dickinson & Allmg.
If*. M na* Straw, Na«r Tork.
of
Albert Pearce,IS * 18 BBOAB ST.,
BSOKBR m ALL KMM OP OrTBBntBBOinM. MISCELLAlfBODB BSCCBlTIBi
AKD DBTAULTBD BOirOS
OOkkMPONDBKCB SOUCITBO.
Oilman, Son & Co.,BABKXBS,OBBAB
ia aitwiua to a Oaoaral SaaMwi thmni. Boiaad tan On'wi Boadr aad laTaataaet aeait-
Howard Lapsley & Co.,BAITKERS AJTD BBOKBBS,
74mi«A»wAT Mi«sifsw iTiiwn,film T*fh.
Taintor & Holt,BAUKKBb,
No. 1 1 Wall St., Cor. New, New York.
THANSACT > OKNEKAL BAMXIMO bnilnwOBPOaiTS raoelTed and IMTBBBBT allowed oa
Bar and aaU OOVERNMBNT. MCNICIPAL andBAILROAO Soearltlai.
PrlraU lalearapb wlraato ProTtdaaoaaad Boaton
S. M. TAIMTOR. OBO. R. BOLT.O. D. L'HUnjBB.
C.J.
Turner,(It Taafa' Mambarthlp In the N.T. Stock Bzohaaaa)
tiANKBR AND BBOKRB,16 A 18 BBOAO ST.. BEW YORK.
aaaoafalBanklncbnalnMa, loelodlnalbapaiehaia aad aala o( nookj aad boada foroaah or ov*are*n.
HiBAM DBwiNo. CI.A ax DaartKa. P. T. BoirraooD(Maatbar u( New York Stock KxehaocaJ
H. Dewing & Son,BACKERS A\D BROKERS,
No. 1 8 Wall Street, Naw Yorti.atnckaand B-Kida Boockt aad Bold oaOomalaaloal*articnl*r ati«atlon vlrao to InformaUoo raaard-
lac laTaatoMol aacnnuea.[owm Uiaa A TraM Co. • »« aaat Oafeaatara*
koi^kt aad aold.
Gorham, Turner & Co.,
BANKERS AND BROKERS.
Ula Ball41a«, 85 Wall St., New York
AUBtOi O. OOUIAM. CBAB. W. TDKBBk,raAA C. NoRLa Maabar B. T. Sloak Bzeh
Chrystie & Janney,BAXKEB8,
Noa. St * SC Naaaaa St., New York.BaaMTa dapoatu aad nnnaaaanan of BaUloa.DaT^la iBTaaUMBt aawltlai aad Poralai Br-
dkaaaa and inTnaiiuii«a|«iu<aiiMaPartlealar atianUoa alraa MlafonaaUoo ragardlat
lavaataaai Hxrarn'M.
John H. Davis & Co.,BANKERS AND BROKERS.
B* a aliirtlr OoaaailaalOB Boalnaea lairr<M K», BONBS aa<l tiRAIN,
Wltk Prl'ata Wiraa to CUICAOO. BALTIMOKB,PUlLAUBLPHIAaBd laMraadlata Potata.
N*. IT WALL MT., NBW YORK.
CaJ Co.B A !V K E R 8 ,
lo. IS WALL 8TRBBT,New Yol^t.
a Oanaral Banklnf "BOniMa, Inelodtnca and lala uf STOCKS aadBONUS fur
Bar aa4 Sell Inveatoaaat Seearltlea.p. O. BOX a.MT.
(IDDO. Wa TLAXO Thabe. H. J. Moaaa.w. c. Htu.
l3oodf|»
B A B B B K H,
a>| Mraadwar. »*• BxekaBc* Piaca, N. V.
raaeb OBcv, '441 l<a Halle rti., t'klcaco,
TRANSACT A UK.NKHAL BANKINU BUSINBSH,IlimjniNO THK I'l RTHASB AND HALB 0#OTOCH ANU B^lfim KOB/CAJH OR UN MAR-OIKT BUY AND HKI.I. INVWHlBKT ^BTOBI-TIBB. INTBHK!<T AI.LOWBb ON DBP08IT880BJBCT TO CIIBJK A^SIOHT.
D. A. BOODT. C. W. MCLlLLAa.HnraEW Lauuro.
BANKBB8. '
CNITBD BANK BDILDINO,Wall Street, corner Broadway,
arOOKM, BOKDH * aOUMMMOlAL PAPEM.toake aad Bpo^ booakt and loM on ooBaMoa
MlfiSr>of*B(§ fc^M^kjlIwaeai WtHvi
Geo. K. Sistare's Sons,IS * 18 Broad Street, New Tork,
1X1 Sontk Tklrd Street, Phlladelpkla.Conneotad bj PrtTataWlre with mala oflloa, Naw
York.
DBALBKa IN
FIRST-CLASS INVESTlHEVrs.Bay aad aell on Commlaaloo. for caah or on marsln
all aaeoHUaa dealt In at the New York Stock Kx-okanaa.Intaraat allowed on dally balancea.All depoalU anbjeot to oheok at alcht.Partlealar attanttoa to order* br mall or telaaram
F.G HOLUXS. K. H. Bmibsoh, I.U.^AoaoNn.
Frank C. Hollins & Co.,BANKERS AND BROKERS,
Member* N. T. Btook Bxchanae.
11 WALL MTBKKT, NEW YOKK,A.VD
MS CLARK 8TBKET. CHICAGO, ILL.
A Dutenhofer,BROKER
ANDD«Bler is Mlaeellaneoaa S«enritieB,
MILLS BCILDINO (Sd Floor.)
RoomalAAM. M WALL HTKKET,8TATB ANDCITTBOHDaOPOBOIUilA. ALSO
8BCDRITIB8 OF THB CBNTRAL KK. h BANK-ING CO. OP OBOROIA A SPBCIAI.TV.Inraotor* wteklaa to buy or veil are Inrltad to call
or oorraapond. ProoiptandparaonalattaatlonKlTantoallordan.
J.L. Robertson,
BOIVD AND STOCK BROKERD«sler is iBTesBBSBt SecBrlUes,
No. 7 NASSAU STREET,(OonttnAotal Natluaal Bank BoUdlnic
New York.
Rolston & Bass,Bo. SO BROAD 8TRBBT, MEW YORK,
STOCKS, BONDSAND niSOBLLANBOlIS SBCDBfTIBSOonaapondenee xilidtcd.
guotatloaa okaw fully fomlabad.Wm. II. RoLaTo.<(, W. ALBZ. Baaa. Jr.
Maaiber N. T. 8toek Brok ae.
Simons & Chew,STOCK BROKKKS,
II Bxehaaae f'aart Ac 34 Breadwar, N. YStock*. Ikitidfl and Unltad 8tal«* tioremmec
Becnnttoa Bnairkt and Sold un Coauuiaaliui.
Jab. D. Biaona. BarBKLT Chbw.Maaibar N. T. Woek bchanm.Maaibar N. T. Pruduca Bzohanea.
Cahoone & Weicott,18 Wall Street, New York,
Bxeoate Onlen In all Hvcurltlee Liated OSMEW YOKK STM'K E.\CHANO£.
Special Attention slran to
tioTernmeBt U other iBTestment BondsCorraaPDBdeoee SoUaltad
Simon Borg & Co.,N*. IT NASSAU ST., NBW YORK
DBALKHS IN ALL KINDS OF
Rallrosd sad InTestment SecBiitieSi
BoDTBKBii BaoDBrraa a Bpicialxt.
Walsh & Floyd,STOCK BROKERS,
Mo. 26 BROAD STREET. MEW YORK.
Jambs W. Walbb. Jb_ nioou. Fiotd. JbMember M. Y. Stock Ezchanse
Stewart Brown's Sons,stock brokers,
S4 Broadway * 19 New St., New York
R. T. Wilson & Co.,BANKERS AND COMKISBION UEBOHAMTB,
9 BxclMing.a Coart, Ifsw Tork,
IV THE CHRONICLE. pvoL. xLm
Cf^atiafttan nnH Fotreigu BattUs and %KVLktts.
CANADIASr.
Bank of Montreal.
(12,000,000 Gold.• $6,000,000 Gold.
CAPITAI., -
8DRPLVS, -
C. F. SMITHEBS, President.
W. J. BUCHANAN, General Manager.
WSW YORK OFFIOB:
No*. 69 St 61 ITALIi STREET,Walter Watson, ) »_„_»,Alkx'r Lang, JAgenta.
Bar lud Sell Sterling Exotaange, Pranos and Cable
TransferB : in^nt Commercial and Travelers' Credits
Tallable In any part of the World i Issue drafts on,
and make Collections In, Cblcago and throughont the
Dominion of Canada.
London Office, No. 22 Abcbnrcb Ijane.
Merchants' BankOF CANADA.
Capital, • - $5,799,200 Paid Up.
ReserTe, $1,500,000President, ANDRBW ALLAN, Esq.
Vice-President. ROBERT ANDERSON, Esq.
HEAD OFFICE, mONTREAIi.GEORGE HAGUE, General Manager.J. H. PLUMMER, AsBistant General Manager.
BANKERS:I,'>NT)ON, ENO.—The Clydesdale Bank (Limited.)NEW YORK—The Bank of New York. ^. B. A.The Ne-w York Agency buv» and sells Sterling Bx-
<hange, C.ible Transfers. Issues credits available in
all parts or the world! makes collections In Canadaand elsewhere and issues drafts payable at any ofthe nfflces of the bank in Canada. Every descrip-
tion of foreign banking business undertaken.
Newlfork Agency, No. 61 Wall Street.HENRY HAGUE, ! AsentsJOHN B. HARRIS, JR., S
^8™^^-
AGENOY OP THEBank
OF
British North America,No. 62 ITAIil. STREET.
Buy and sell Sterling Exchange and Cable Trans-fers. Issue demand drafts on Scotland and Ireland,
also on Canada, British Columbia, San Francisco andChicago.CTRCUI^AR NOTES Issued in Pounds Sterling
available in all parts of the world. COMMEIl.ClAL CREnlTJ* ISSUED for use In Europe,China, Japan, East and West Indies and the Brazils,
Elver Plate. 4c.Bills collected and other banking business trans-
*"**D. A. MCTAVISH, 1 ».„„.,H. 8TIKBMAN. j
^Kenis.
Imperial Bank ofCanadaCAPITA1> (paid up), - - $1,600,000SVRPIiCS, $500,000H. 8. HOWLAND, Pres't. D. R. WILKIB, CasWer.
HEAD OFFICE, TORONTO.BXANOHES:
St. Catharines, Port Colborne, St. Thomas, TngersoU,Welland, Fergus. Woodstock, Winnipeg, Man.,
Brandon, Man.. Essex Centre, NiagaraFalls and Gait, Ont.
Dealers In American Currency & Sterling Exchange.Agents in London
:
Lloyd's, Barnett's & Bos-anquet's Bank, limited,
6*2 Lombard Street.
Agents in New York :
Bank op Montreal,59 Wall Street.
Promptest attention paid to collections payable Inany part of Canada.Approved Canadian business paper discounted at
the Head OfHce on reasonable terms, and proceedsremitted by draft on New York.
Gzowski & Buchan,STOCK AND EXCHANGE RROKERS,
TORONIO, CANADA.Stocks and Bonds. Sterling Exchange, Drafta on
New York, bought and sold at CURRENT PRICES.COI.LKCTIGNS MADE.
FOREION.
FOREIGN.
Blake, Boissevain & Co.,LONDON, ENGLAND.
Nesoltate Railway, State And City loans.
Execute ordera for bonds, Shares, etc.. on Com-mission, and transact a general Banking andCommission Bustness.
Special nttention Kiven to the execution of
orders for Securities on the New York, Lon-don and Amsterdam Exchanges in correspond,
ence with
BLAKE BROTHERS A CO.,18 W^all Street, New York,
28 State Street, Boston, Idaaa,
AND
ADOLPH BOISSEVAIN & CO.
Amsterdam, Holland.
Heinemann & Co.,
62 Gresham Honse, E. C,
LONDON.Solicit acoonnts and aKcncles of Banks. Railways
Corporations, Firms and Individuals nponfavorable terms; also orders for the par-
chase and sale of Bonds, Shares, &o., &c. onthe Stock Exchange.
Interest allowed on DepoMts, subject to eO-dayi
sight drafts, at Bank of England rate, andone-percent below that rate subject to
demand drafts.
Negotiate Railway, State and City Loans.
Hong Kong & ShanghaiBANKING CORPORATION.
Paid-up Capital I7.600.OOCReserve Fund 4,500,000Reserve for EqualUatlOD of Dividends. .. 5(>0,(i00
Reserve Liability of Proprietors 7,600,000
The Corporation frrant Drafts, issue Letters ofCredit for use of Travelers, and negotiate or collectBills payable at Bombay, Calcutta, Singapore, Balgon.Manila, Hong Kong, Foochow, Amoy, NIpgpo,Bhanehat. liankow, rokohuna, Biogo. San Franciscoand Loudon.
A* n. TOWSJUaiP, AKOBt. 47 WHUwD Hf.^
THE
Railway Share Trust Co.<LIMITBO).
No. 4 BANK BVIIiDINeS
LONDON, ENGLAND.
Capital Paid Up, «9T1,360 Sterling.
This Compaiir undertakes the business of Trustee
to Loans of approved Hallways, negotiates and
Issues Loans on the London Market, acts as Agent for
Railways and other Corporations, either in the mat.
ter of payments of Interest on Loans, Dirldends on
or Begistration of Stocks in London, or otherwise.
'gKtm ptortgaflcs.
Cable Address—PATT, London.
THH
A.nglo-Californian Bank(LIMITED).
LONDON, Head Otlice, 3 AnKel Court.
SAN FRANCISCO Offloe, 422 California St.
NEW YORK Agents, J. & W. Sellgiuan <Se Co.
BOSTON Corresp<md't8, Masaaohiuetts N. Blc
- $6,000,000- 1,500,000- - 400,000
Transact a general banking business. Issue Com.merctal credits und Bills of Bxcbange, available In allparts of the world, rollections and orders for Bonds,Stocks, etc., executed u pon the must favorable terms.
FUI L>'K K. LOW, iM.n,.™...IGNA^TZ STKlNHAKT.i "*""«*"•
P. N. LILIBNTIiAL. Cashier.
Authorized Capital, '
Paid-up Capital, •
Reserve Fund, • - '
Bank of Australasia,(Incorporated bv Royal Charter, 1835.)
4 Threadneedle St.. Loudon. EnglandPaid-up Capital, jei.6(0.(KiOReserve Fund. £7HU.(KX)
Letters of Credit and Drafts Issued on any of thenumerous branches of the Bank throughout Aus-tralia and New Zealand.
Bills negotiated nr sent for collection.TeleKraphic transfers made.Deposits received In London at Interest for fixed
periods, or for tran.sfer to the colonies on termfivMtijoay he fiscertained on application.
EQUITABLEMortgage Company.
CAPITAL ¥600,000.
G AND T PER CENTGUARANTEED FAEM MORTGAGES,Principal and Intereft guaranteed and payable at
any ot the offices of the Company,
New York. 'iOH R'way, Boston. '2.3 Court St.Chas. N. Kowler, V. P. H. H. Fitch, Man'ger.
Pbila., 113 S. 4th St., Kansas City, Mo.,C. B. Wilkinson, Man'ger. J. C. Avery, Gen. Man.
6% ^0 8%The American Inveiitmenr Company, of Km-
melsburfi, Iowa, incorporated with a paid-up capitalof 9>'i1»0.000. with branches at Huron nnd .Mitchell,Dakota, offer first MortKEKe KHrm l-oang In Iowa,Minn., l>Hkc)t.a, and Neb., both Principal and Inter-eHi (lUiiran teed. Also 6 per cent Debenture BondsobliKHti<)n8 of the Company), runnintf lo years, se-cured by MortKa^e loans depitsited with the i>Icr-caniiie Trust Co., N, Y, It also issues DemandCertiflcatep of Deposit at 5 per cent interest. Writefor pamphlet and refere^ices
Home Office, Emmetsburs, Iowa.£. S. Ornmbr, Pres., 150 Nassau 8u, N. Ic
THE >Vi:STER]!f
Farm Mortgage Co.,liAWRBNCK, KANSAS,
Offers to investors the best securities in the marketFIRST MOKTGAGk LOANS UPON IMPROVEDFARMS. Interest and principal paid on day of ma-turity in New York. Funds promptly placed. Larsreexperience. No losses. Send for circular, referencesand sample forms. F. M. PERKINS, President; J. T.WARNE, Vice-Prest.; L, H. PERKINS, SecretaryCHAS. W. GILLBTT. Treaa.; N. F. HART. Auditor
Farm MortgagesIn Sums of (100 and Upwards on In-
diana and Ohio Lands.NOTHINa SAFER. ALWAYP PROMPTLY PAID
8BND FOR PAMPHLET.JOS. A. mOORK,
84 East market St.. Indianapolis* Ind
NORTH-WESTERNGUARANTYLOAN CO.,
MINNEAPOLIS.Capita,000.S'^00
Authoriz'd Capital!<'^.000,000.
Real Estate Mortgages on Cityand Farm Property, worth twoto four times amounts of mort-gages, Interent ii per cent to7 per cent, principal and inter-est absolutely Kuaranteed. Se-curities for Kuaranty held by theAmerican Loan & Trust Com-pany, of Boston. Mass.Send for circulars to
NEHEK & CARPENTER,Banlcers, Troy, N.Y,
Eastern Manasers for Company
S^UvLtttsMps.
Direct Line to France.
GENERAL TRANSATLANTIC CO.
Between N£l¥ YORK and HAVRE.From Pier (newj 42, North River, foot of Morton 8tTravelers bv this line avoid both transit by EnKlish
railway and the diaoomforts of orosslnK the Channelin a small boat.LA BOURGOGNE, Franf?euL.Sat., Oct.9. 2:30 P.M.LA CHAMPAGNE. Traub Sat.. Oct. 16, 7 A.M.LA NOKMANDIK.de KerBabiec.Sat.,Oct.23.1 P. M.PKiCB OF Pashagk (ineludinK winej:—To Havre—
First cabin, fl 00 anfi fSO; second cabin, $60: steer>afre, |22—including wine, bedding and utensils. Re-turn tickets at very reduced rates. Checks on BangueTransatlautlque, Havre and Paris,in amounts to salt.
Special Train ft>oin Havre to Pari*.The Compagnle Generate Transatlantlqne delivers
at its office in New Torb special train tickets fromHavre to Paris. Ba^rKage checked tfarouffb to Pariswithout examination at, Havre, provided passensershave the same delivered at the Company^ doox InNew York. Pier 42 North River, foot of Morton St..
at least two hours before the departure of a steamer.
I.OVI8 DE BEBIAN, Affent,
No. 3 Boivllna: Oreen.
H. L. Grant,No. 145 BROADlVAir,
NKW YORK.
CITY RAILROAD STOCKS a BOSmBOCGHT AND SOLD,
fiee (juotatioiu ot Cltj B«Uroa(U la tbis pspWt
October 9, 1880.] THE (IHRONICLR
^vttst ©ompauics.
Union Trust CompanyOP NKW VOBK.
73 Broadwar, cor. BectorSt, N. Y.
CAPITAL,- -•--.- • 1,000,000mvurvvd, |a,ooo,oooAMborlaad to Mt M Bxacntor. AdnHnUtrator
BMnM'n Baoatnr.or TroatM, and I*
A LMQAL Diposrrchr roBMoinirAB««m tlM UBaatarafaooT •ndrwtetiT of itoek*.dMUuTnutMcf BortcwwofeorpormUoiu.Allowt InUiwC on dapoilu. which auj tw ou4«>t
RT ubm, and withdrawn on tr* dkT*' notion, wttbiBUrni>nor tha whoU ttm» thw raaaln wltli Ihn
wSkTSt
I of dnpoaltora this aomnuiToanU mhjnet. In naoocannon
ral«.u>«h*ah at lh^ nod nllon InurwtuaatharnanltlnddnUT'EEra^ thn Clnulna Hi
TRUBTHBannA. KmirT.Wli«>n.
Knot,
I•rd.
AsbciinnC. KlnniiJnmM U. OcllTtn.B. T. ralrehild.I. B. rrotlUochnm.Ononn A. Jurla,C. VandorbUt.A. A. Uiw,a. <). wiuiaan.R. O. B «nimi,
a. B. W«ri«r, J. B. JohMjofc
Ew B. cErhut. AaarM J. nrk«.f . w. inatwl r. Busir,tt Laoox KauMdr. Ono. C. Mamoa.
uarunvB committbb:Wb. WtalUwrtcht. O. O. Williao*.
M NnLMB. m. B. W«nl«7-CD. WciotA- *' KlnaaUnd.
VDWARD Kt!«q,Pr««d«lt.JAM B8 M. MCLEAN. rintTIW-PrMJ\MB!« >l.(>OtLriB,8M0iid ri«n>PrM'
A.O. RONAI rw >N. "aCTntarr.
Wm. r. HnaMO,-:. D. WoiABOiN. Piatt,
. C. H«»^_ Ml ronyth.SaofmCabi't Wiidwafd Klnc.- B. Waaler,
B-C^rfaatt.
is.
United States Trust Ccxor .TMW TOKX.
Ro. 49 WALE. VniBBT.arplB^ • - • l»,000,OX
raa. laalacaldapaaltaryfaraoMnpiMand la aathMtiad to mH mamimamm
ty a coaraalip^jaiUMMyy ni
John A. ^••••ri. aJI.BocklVfiAni.
I' moke
r«,£. A. §TBW A KT^ Piaw^aaC„ II.I.IA1I II. MArV. Ttea-Pi iiUMlJA«Bi»^ CLAttK.aaouod Viea rwr
.q. AianM, |l). wuii, J«in«i^ RoM.B. MInlani,'Dha J. Auor. Uao. II. Wama.
(••"ma BIIM,Willlaa Libbar.-I"hn C. Bn.WD,*''twBnl Conpar.
' HaT>d<'Mri(«u. M. Smith.
' lu.Bncaafanar,..^. Alaa. B. Orr.
citKLU^Miratart.'OH. AmtttmM aiiiiHaiT.
The Union Trust Co.,«i AJ»o «i3 riiMT.HUT rrsKn*.
PH ILADKLrniA.ICa«4tal tl.nao.OM••tai eoujMO
Amt m Bsamor. AdailnlMinlor. AMtmaa. Me..g* aiMMW traau of ararr rlawrl)«lna kavwa to
An i^aM aaaaU kapt aapanla ftna iho a of tha-^^ '' Praafa^aa 10 rnrt at IS to WC par aaaaa.
it ta TaaRa wMhoM (hana.,- . . RacBa aad olh* Talaahiaa Ukan aaoar
"MaUna*. Blataafr,rnof Taalta.Moaar raaalvad oa tfaaoaH at Inlarnt.
iA8.I>)?IC. PlMt. JOMsa. RBADLfO. V..Pr«aXMAIII.O!! ».«Tn* «•. TnanvaFABaaNtarr.
I>. K. PATTRimo.s, Trwt 0«a«r.DlBirruKK -Jama* l»iw. Alfra* ».auwtt, JoaaphWMkt. I>r. Charioa i>. Tnrnor. Mllllaa T. PtIot,jakaT. MonP'O. W.J. .Naad. Thoaaaa R. PattoaJohnd, BradlBv. Wm. II. l.acM. I). Haraa Aanaw, M. D.Jtm. I. ilaaf*. Moban Patlaraon, Thandor C. Bmral.Jaaob .'«arlrr. Tboa. O. Mond. Bdwanl t. Parklna.frtiltaai w.i»>D. PBitjiDn.raia : Saanai Kiddi*.BUT" •'•' >«
: Ur. Uao-aa W. H»ii. ii.uhi*.
rh« wn «ri1*a.BDI(Ti- -yUr. >o: Bdaaad a. I' v-
10W.« i>aTMw UQTt.«aTO» ~. -. n.
aahan. W(«t unrn.
ato., kapt la rua-
The Brooklyn Trust Co.
,
Ooi.atMama ami
rrator.Itaaaaalaa .
iWaMalah aoUaai lalaraat or dlTtdanda. raoaiTo ra-' ~ pyaaBifaaanr haota. ar wafta ponhaaa and lala
Oar.of llonta«aaaa«C«nlo«ina..Braoklrn. N.T.
Bpanr la aaibortaad by aoaelal ebartar foarar. u>alaa. raardlan. axaontur or admin.
It la Iha aala or manaccmant of
B^aaimam*-
naBoaay.
and anarltabla in«tlf oti--na. and paraooa' baaioaaa, will"It dapoaltorrimt.Viea-Praa't.
I o. Ix>w,Aia«.M. WbiiA. A. Low.
KbIChaui.WHk B. Baadaii
T K. Phaldoo.I>. Wl.Ml.
vyiii, fi. <rt , M»M^mik,jAMtm Hosa CvaaaJt. aaaratair.
Irttst ©ompauics.
Mercantile Trust & DepositCOMl'AXy, ov
BALTIHORE.Caplinl.Aaihorlard Capital,
B.ioo.oon•.t,ooo.ooa
Anthoriaad to act an Kxaeator. Administrator,Gnarduo. Recetrer, or Trnatee, and la
A LEGAL OKPOSITOBY FOR UONEr.Aceapta tbe tranafer agencyand reirtatry of stocka
and actaaa Tru8t«o of murtxaaea or corporations.Takes dutfse of prop'-rty. collecu and ramtta In-
terest and Income pniii)[)tlf, and dlsciiatvea falih-fnlly tbedaileaof aTer% trust known to the law.Honey ree> Ircd on deho^lt. All Trust Assets kept
separate from ih<«e(,f tbe Company.Barslar-pr<H,f Safes and Boxes ibarliur cbroire
steel ooor.) to rtnit stfio tofttjOperannani In theirneoand eitsant clironio steal riBB AND IILIIU-I.AK-HKOor VAULTS, prutaeted by ImproredTint* l.',cks.Will, kept In ranlts witbollt ehanr**. Bon<1fl and
St(K-k>. Plate and nil Valuat>laa securflf ktM't under(uantntee at m<,diTale chamea. Palntine«, sutn-ary. Bronses. etc , knpt In Bre-pfouf raults.
JOHN GILL.. W. W.SPK.VCB, L. C KI8CIIKK.Vice-Preat. Treaa. 4 !<ec.
John B. Ilarct.Mewart Itrown.W. II.BIarkrord.
A. Jenkins,Bernard fatlti.
J. W. Bniirn.Alex, rrank.JobnGUL
D1RBCTOR8W. W. Kpenov, ' I»ols M<Laoe,Ch'lallanlii'Trtn. Hubert l»br.C.Mort'nSleaait W. A. Tnckor,Robert tjarrcct. Jas. Carer (.%«le,«>••. I>. KIsher, DUver .V. l-arker,Uo. I*. Thomas, w. ll.wntindae,O. H. WlllUrus, J. A. Ilanibletuo,Aadrew Held. Tbua. Deford,
International Trust Co.,(IMMHI-UIIATKD I87BI.
45 MILK STRBBT, BOSTON.
Br tbaproTlslnnsof the eharter. stockholders arellalMe fur an additional amount equal to capital stock.
Traaaari a flrarral Baahlac Baalaeaa.Depository for Ck>rporatlor>a, Adailnlstrators.Laeal Depository for i;orporatlor>a,
ifca iialias, Traste-s, tlaaidlan aaa Ooarta of I^w.nSriRlBT ALLOWBOoirDipOBtTS. subject
la ehasfe. mt parab a at spaalBad dalaa.Tiaat ies aiid«r Mnnaaaas of Railroad and other
Ourporatlons, and Kiscal A(enU lor the payment uf""C«japi»nt. Iiirlderds, Ac.s Trosts created hj will or
lilllKi-r<)H!<:Wm.Ck«ln, Rol.iM M.,neJr.'obaOoldtbwait. Wtu..« lUakall,Wat. T. Parker, J"bn <'. raiaa.P. A. CMItas. . War-n II. Pottar.
ThoauaMack,Wak W. Crapo.John M. Graham.Thoe. K. Temple.
JOH.N M. GBAHAV. Preaidaot.1 1 K.yRY L. JJWBTf. aecretary.
Metropolitan Trust Co.,MlUa Buildlnj;. 35 WaU St., New York
PAID VP CAPITAL, Bl.OOOiOOO.Dsslcnaiol am a leaal Depoeliory byordarof Ba-
ptama Own. Kaoetredapoalu iOrjMneyonlnlaiaat,aidasasial iirsirfT'-|— '
~"*—'rr ftircorporap
Id aaoept and execata au lafal traala fromor eorporaiioaa on aa fhtBllar companies.TIIOMAriill.l.HOrBiITRKIlKKK' 1>. TAPPBN.Ylaa.b-raiWALTKUJ. HIIITTI.^.Saaatarr.
Ilfinaucial (Compnuies.
FIDELITY * CASUALTY CO.Moa. n« A fid BBOADWAT, NBW TOBK
OmB Oullal. tMO.oaa. Inrestad la C. S. OotH BondstnOuMO dapoaited with tha N. T. Ins. Dep't, tor
tha protection of Pollcy-boldera.Aaaata. January Ist. ItM. iMOA« tf.
Oa«laisa( Baaaa, Hallroads and Bxpraaa Ooapa-alaa. MaaaaaraBaanlartea.and Cleru of PahUa Cos-paalaa.laatBatk>aaaadComaiar»lalllfe.aaBO»tal»
ORB* OP BOBDtMi Ifeli Ooaspaay at jpodarata __^Aa b«a«a of this nam»av«rBa»U4 br thaaoana ofiSa rarloos Blataa
OABOALTV DBPABTlHBIfT.PaMalaa lasaad saainst aealdaBU eaaatna daath oi
totally dlaaMlur Injarlea.
rail Information as to details, rataa, Ac, can beobtained at bead olBce. or of Company's Acenta.Wm. M. RiraAKi'*. I'rest. Joaa M. CKAaa, 8ae'y
RobT J. Ilii.i.*!!, AsstSaeratary.IilHKC'roBS:
O. e. WUIIama. Darld Uows, W. O. Low.JA.T. etranahan, A. H. Barnea, Charles l>ennla,A. B. Mall. 11. A. Mnrlbnt, Alex. Mitchell,J. L-Rlker, J. I>. Vermllre. f). R. r°Mti»ndaii.
Geo. S. (If. Wm. M. Richards,
BondH of Snretysliip.IfO OTHER BVStNEHa.
The Oiiarantee Co.OF NORTH AMERICA.
OMh Capital laoojiocAasalsand Kesnnrres .._ MPn.oocOapostt with Insuraoos DapartaMot 8«o,aoo
Praaldant: lea-Praetdant
:
•IB ALU.T. OALT. HOH. Jas. raaniaB.fs.»«ffitiff inredor: Bdwaro Bawlukm.
NKW VOKK orriCB:IfO. Ill BKOAO^AT.D. J. ToMl'KI.NS, Baoratary.
wrw ToB« DiHKToica—Joeaah W. Draxel, A, L.Ilopklns, II. Victor Ne»or.mDj.John Paton. IianlelTorrance. Bdw. V. winslow, Bnattu Wlman, C. P.Olaott and J. B. Pulsford.
financial KPom^ranies.
The Investment Co. ot
Philadelphia,SIO CHESTNUT STKEBT.
Capital, S-2,000,000,Acts ss Financial Aftent In the neirotlatlng and
marketing of Securities. Deals In Bonds—Corpora-tion, Ballroad. State. Mnnldpal, Ac Sxecntesorderaon commission In Bonds. Stocks, Ac Collects Interestand dlTldends. Keceires money on deposit, allow-ing Interest. As desirable Inrestmenta offer, willIsane Ita Dabaotura Bonds, sacitrad by Its capital aiul
OknriRs:WILLIAM BROCKIE. President.
WHAKTos BAUKBR, Ylea-PraaidaBt.HKNRY M. IIOVT. JK.. Treasurer.
ETUEI.BKHT WATTS, Secretarr.Board of Directors—William Brockle, Georse 8.
Pepper, Mort,>n McMlchael, Whart^m nilrke'-, HenrrC. GlbMin. T. WIslar Brown. William Potter.AdTlsory Committee of stcckbolders.—tleorge li.
Trout man, Gustarus Kngllsb, Isaac U. Clothier,%Mlllam Pepper, M. DrThomas Uolan. John O.Reading, Jo8.*pb R. GUHngbam, John Wanamaker,Henry R. Hmltb, Charlea B. Wright, Henry l.,e«ls,Oalxe Llpplncotl.Uamlluin Olaaton.CtayFr^oois Kawle
f^iuattciat
THBLong Dock Company's
CONSOLIDATED MORTGAGE,PIPTT YEAB,
SIX PER CEMT OOLU BONDS.PRmciPAL Patadi.i: 1935.
INTUBST, Arau. AHu OtrroBU.
CoTertnx Tunnel and Termlnala ofKrle Kallwaf at Jeraejr Cllr.
A SMALL BLOCK FOB BALEBT
CAROi.l.\ A. COX,BANKBK8,
S5 Broadwray, N«ir York.
Staten Island SecuritiesA SPECIALTY.
Bailroad Co. &. AmiispmeBt Co, Stocks.
GEO. B. BIPLEY,66 Broadwrajr, Boobi 8.
TOLEDO PEOBIA * WESTEBITA HAILHUAD tOMI'A.NY.The klrst Mortgaae Ikjadholdan desiring to arali
thsmsalraa of tha Klrat Mortaaaa BnndbnidairEemant, who hare not alraaay alaned and ouib.
I with tha tonus of tbe saaa, araberaby notlSed, If they desire to arall of the beneflu of
each agracawnt, they luuai become partiea totbe same by depoalllng their bonds with tbe KannarwI.oan A Trust ITompany. sixnlng the agreement aiid '
otherwise comiilyiun with its terms, oa t>r befora thaMh day of October neit.The sale under the foreclosnra decraa Is ordarad
for tha MMh of October, IMM.CUAULkH MORAN,
Chairman First Moftgaga Bondholders' Commlttaa
o.,Iork.)
HOUSTON it TEXAM CBNTBAIiRAILWAY COMPANY.
Orrirx or thx yAUMBRB'I.OA.1I A TUU8T Co.,
»i wiin..i,. sir....i v... Vork.lHolders of bor'' i*. Central
Railway Conipati tbeCoi>-Doiidated t^econ'1 - ,. (jene^alMortitagi^. alll liK litre In Ihc tixecutloa•If It, trti.t l.y .e< imea. addreases,olasasnd sniouni or • tie Farmers' Loan ATrust t'ompaiiy ui .... .... _.-. utMire.TUB FAltMaUti' LOA.V A TRUST COMPANY
I'runtea.BY B. G. ROUSTON.
Presldant.
HR tivrifCLABINDAKA^SA!« t !
CO.—A BOidboM.been prepared sii-i
signed, ready for nit'ni. ih.-.
CUAlil.ES MOBAN, rhalrman.es William Street.
NBW York, 8cp(. IS INSd.
VT. LorisN R.\II,WAYACrC'Tui'nt hasHitb the under*
liitcrcBt, pi»iifl«ttjflBy Set*
'VUK 8T. PAUL niMSEAPOLIS *X MAMTOIIA RAILWAY < (>.«I'A.NY.
Vi. fJt \\ M I I V M > t Nf W ^'OHK. Ill-I. tl. 1H«I.
Tl..- K-II A I 'O-piny I
' onandiitUT >n\. I III ,i[i>,iiiiiinior» ol retoru uri thatdate.The transfer books will ba closed at 8 o'clock P.
M. Oct. IS, and re-opened at H> o'elook A. M.. onMot. 8. JUUN 8. KBNKEDY, Vloe-Prea^
n THE CHRONICLE. [Vol. suit.
financial.
#soo,oooSIX PER CENT
WATER SUPPLY BOXDS,SRClTnED BY TKK
Kansas CityWaterworksISSl'ED BT THE
irATIOSAI^ WATBIl WORKS COMPANV OFNKVV YORK.
Queerest PoyaWe JTune and December.
CENTKAI. TRUST OOMPANV OF NEW YORK,TltUSTBK.
Present Frlco 100 and Accrued Interest.
FOR SALE BY
TAIXTOR & HOI.T,
H W^all Street.
TO THE HOLDERS OF
Texas & Pacific R'lway Co.'s
INCOME ATSrtt I.ASID GRANTmORTGAOE BONDS.
The time in which to deposit bonds in the OBN'-
IKAL TRUST COMPANY will expire on Saturday,
181h inst., after which time Ijonds will be received, if
at all, only upon penalties to be fixed by the Cum-mtttee.
SIMEON J. DRAKE, CHARLES J. CANDA,CHRISTOPHER MEYER, WM. STRAUSS,W. C. HALL, Committee.
The Investors' Agency,234 L,a Salle St., Cblcago, 111.,
(M. L. SCUDDER, Jr., Proprietor,)
ANSWERS INQUIRIES CONCERNING
American Stocks and Securities
Large Library of Railroad Documents.Competent Kxperts.
CoDlldentlal Reports.JVloderate Chargef.
^nsutauce.
New York, Oct. 7. 1886.
To the Holders of the Mortgage
Bonds on the Lines of the
Wahash St. Louis & Pacilic Rail-
way East of the Mississippi River.
In order to perfect arranfremcnts for paying in-
terest in accordance with the p!aa proposed by the
undersigned Purchasing Committee, as modified by
the committee representing the bondholders, it ia
imperative that a limit of time should be fixed for
the assent of bondholders.
The undersigned therefore give notice that the
bondholders who desire to accept the proposition of
the committee and to avail of its advantages, must«ign the books now open at the office, No. 195 BroaQ-
way. before Nov. 10, 18S0.
JAMES F. .TOY,T. Jl. HUBli*Rr»,EDGAU T. WKLLES,O. D. ASULEY,
PurchasingCommittee.
Terminal Bonds.The Chicago & Great Western Terminus includes a
line of railroad entering the city of Chicaso from thewest, partly pa'allc! with and near the line ui theChicago Burlington & Uuincy, and terminating atHarrison Street, east ol" the Chicago Kiver, withample city real estate for freight and pii>sengcrdepots, elevators yards, &c.; Hccessible 'in both sidesnt the Chicago Itiver and within a few l)loek8 of theBoard of Trade and bus-iness centre of the city.Property costing ovpr $j,0.iO,Oiiu. and fr.m its
location wili incrcfise in value as the ci^y of Chicagogrows. On tho above, fl,i'0'M>"0 First Mortgage 5percent Gold Bonds li.vc been issued, due in 1936.The Wisconsin Cootra! A^8oclaled Lines, the first
tenant of the Terminal Cump.iny, guarantee theinterest on these bonds, whifh is payable .lune andBecember in New Vork. Tlie undersigned offers alimited amount of these bonds for sale, basing theirvalue, first, on ihe cost of the property in the city of<'hicago; second, on the guar-inees of interest bythe first tenant; and third, upon the value of suchterminals in a railroad centre Tor general rai roadimrposes. W- BUENTON AVRLLING.
llnited Bank Building. Broadway and Wall St.
AN EDIICATEO AMERICAN OKNTLE--^*- man, fifty years old. of social standing, and able
to give any security, desires employment in someposition of trust and responsibility in a corporation
or business house. Speaks French and Italian.
Terj moderate compensation. Address P. O. Boje
113. StBpletOD.S. I.
I^iuanctal.
Announcement.After careful study of the ntage of nseurance
companies at 1-oiue and abroad, and of the
e-tporKuce of this societ,7 in all the varifd
reforms introduced by it, the EQUITABLE
LIFE ASSURANCE SOCIETY has combined
in one foim of policy all the ndvantugee and
gtuirantees wliicli can eafely and i)roperly be
united, and now offers it to the public under
the name of
THE
FREET Or»f TINE
POLICY.
If you desire assurance on your life, you
should stcuro one of the Equitable's Free
routine Pollci.s; because (1) it is
ISDISPUTABLE,
and you buy a certainty instead of n possible
lawsuit; (2) It is
UNRESTRICTED,
and you are not, as in ordinary oases, pro-
hibited from {.'oiug where and doing what you
please ; (3) it is
NOil-FORFiilTA'BLE,
and yiiu can never be deprived of a Just In-
demnity even on surrender; (!) it Is
PAYABLE IMMEDI.4TELY
after death, thus providing ajrainst even tem-
porary embarrassment ; (5) it is
PRE-EMINENTLY LUCRATIVE,
in mnny cases providing assurance in Isitir
years of life for nothing, or jleldiig back the
whole, or nearly so, of what has been paid
In by those preferring to withdraw ; ( ) the
form of policy is
SIMPLE
and fchorii of needless formality; (7) the ad-
vanlages offered under the Free Tontine
Policy are
NOT OBTAINABLE IN COMBINATION IN
A^Y OTHER COMPANY
or under any other policy.
For tables of rates and full explanations,
apply by letter or in person to
THE EQUITABLELIFE ASSVRAKCE SOCIETY.
President,
HENRY B. HYDE.
Waller T. Batch.Nath'l W. T. UateK
nenry P. Haleh.Arthur Jf. Batch.
W. T. Hatch & Sons,BANKERS,
14 NASSAU STREET, NEW YORK.
RH»vrTin»i.inrai 132 Church Street, N. Y.,BRANCH OFFICES jjj0j^f,^„pgl St., Ne»v llnvenPersonal attention given at the EXCUANOESto
the purchiise and sale of STOCKS and BONUS forcash or on margin.UEl'OSITS KECEIVED—subject to cheek at Bight
—with interest upon balances.Special att"ntiiin paid to INVESTMENTS and
accounts o: COUNTRY BANKKKS.
Investment Securities
BOUGHT AND SOLD.WANTED t
Toledo Ann Arbor & North Michigan Ist*.Snuthern <'entral Ists.
Middletown Unionville 4 Witer Gap Hi.
ludlauupulis & Vincenues Ists and 2d8.ooiuLu V aitey iionds, all issues.
ALBBRT E. IIACHFIEI.D,No. Sk Pine Street.
J.S. Stanton,
16 and 18 BROAD STREET,Bnvs AND Sells
East Tennessee Va. & Georgia Scrip.
Ohio Central (B. D.) Scrip.
Kanawha It Ohio Scrip.
Col. Uooitlng Val. & Toledo Scrip.
Toledo St Ohio Central Scrip.
Texas & Pacific Scrip.
St. Joseph & Grand Island Scrip.
Mexican National Railway.Bondholders are Invited to deposit their bonds
w th the CENTHAL TRUST COMPANY of NewYork, under a plan t reorganization prepared by
the Bondholders' Cjmmittee. Copies of this plan
and agreement may be obtained from the Central
Trust Company, or at Ithe office of the Committee,
No. 33 Nassau Street New York.
SPENCKR TRASK, SELAtl CHAMBERLAIN,JOU.N DkRUYTEK. JltfyiY A.V1V,GBORGK BURNTIAM, CHAItLES J. CANDA,SAMUELB. PAIHONS". WM. V.. 11. STOlvES,
AUGUST RUTTKN, ,
Committee.
Massasoit House,SPRINGFIELD, mASS.
THK BEST APPOINTED HOUSE IN WKSTKKNNEW ENGLAND.
Convenient for the tourist or business man. NearUnion Depot.
W. H. CHAPIN.
Fifth AvenueHOTEL,
Madison Square, NEW YORK.The Largest Best Appointed and Most Liberally
Managed Hotel In the City, with the Most CentnUand Delightful Location.
HITCHCOCK, DARLING * CO.
JOU.S- G. MOOllE. W, K.KITCHEX. G.B.SCHLEY.
Moore & Schley,BANKERS AND BROKERS,
2G BROAD STRKET, NEW ITORK.Branch offices:
72 Wall St., N. V. 1 1 4 So. Third St., Phila.Connected with
I. A. EvAN.s i Co.. Bostun,CUH.SON & M«oakT.NEV, Washington, D.C.E. L. UItEWST".tt* Co., Chicasio.HuuBAi. I> & KAllM: u, HarUord.
Private Wire Connecti- n-t.
Buy and sell Stocks. Bunds and .MiscellaneousSecurities on New Vork Exchanges; also Grain auaProvisions on Chicago Board of Trade.
Spencer Trask & Co.,
BANKERS (& BROKERSi6 and i8 Broad Street, N. Y,
Albany, N. Y. Providence, R. Ij
Saratoga.
Transact a General Banking Businesn.
Direct Private Wires to each oflBce and to
PHILADELPHIA,BOSTON,
WORCESTEB.
HUNT'S MERCHANTS* MAGAZINE,^ ^^(klt) ^tW$^A^tX,
REPRESESTIN'O JHE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATE;
VOL. 43. SATURDAY, OCTOBER 9, 1886. NO. 1,111.
%}it Chronicle.Tbb OoiC]tSRCiA.L AXD Financial. CnBONicut u ptMit/ud in
Nam York «««ry Saturday morning
.
I tB(aradKtbePn«">'«<v>. Vow Vork. v Y.. «aiuy<ni)<leiiu<inian mottAr.]WILLIAn B. OAN'A A Cu., Publl«her>.
CLEARINO HOUSS RETURNS.B«qk Etchansea contloue of a TeijsatiafactorjdMoription,
and for the week ua<ier rariear exiiibic aa iocreate orer tbepreoediofc week of $9),0>7,60j, m which locreaw tweaty-twoclearing hOiMM parUcipiM. Further, th4 pre—ut total hasbeen exceeded oalj oace siaoe the flnt of Jaouarj. Tranaac-tiona on the Nrw Yurk Stock E (change have not reachel sobeaT^ an aggivgate aa during the prerioaa week, but the deal-
iogi in sbaros bare neverthelA** beea lance and cover a mar-ket value of 1147,811.000, acainat $103,S»1,000 in li^i. Inoompaiiton with the w«ek of latt year, the increase in thewboie oounkrr rvachea Mit per cent, ladianapolia, Ouaha,CotninUu and Kew York leading in percentage* of addition.
strt. ts.
IWS. llNrUml
•*Bi.na,(A;| -fM-;
i»3mx:u\Kk-itf»
%y*MtMt
$B*Mtjt«» 4 1«»lO.lvfi.Mu -f<l«
S^MUtl -HII
a.oii.<a3 f-l*
t.7a»Jbe» + 118S
ajnt.im t«8-7J.»ll<.7Mt -taw*
t>ici,4n> -18 8
a,aujw +8084.iM3M +ae«s,aaa.7as
t»t
•88.1T4.110'
•t08MW8M.r70
a3ia»o8,«oa.iaB
1.778.'ifl»
tU.e48k^T<
m«.98B.0«»-
+»-7
+»-7
+146+8tni
+ira
+844-8 8
+188
+41-8
"+8M-I
+«a-s' WoUanmnThe ratona for themooth of September are also very favor-
able. They reoordan inrjrt>aiu- nv.T .\i>>'i)«tof over two hundredmillions of dollars, -d with S<>pt*-mber of188)1 exhibit a ictin <> i "» who|i> romitrv nn<l
187 per cent bula'de u( ^«w V^ik. For the n'ne mont'^sioce January 1 tiete is an excMS over the ^imiUr period in
18n and 1^,—n lie former instance reaching 24*9 pari in tb« la.ter abont VH per cent,
Sffttmbtr.
IHtie.
NavTwk.
Boatoo.ProTldence...lUnf ril
New Hsrui..PurtUDd.Worc«il»r..
l,«CS.7l«.7K f,lW.41«4)lt +•«'
SprlnraaM
.
aBi,73S.7aoI7.(te6,IUUe.KW.xM4.M\I9;8.W«I.II«
X.447,»l)8.1111,7711
aM,9n7.&a»!+io-tI7.8«l.100 -0-0•.DTJI.Tll, +8-I*JSKfi1t +lir(s,aws.>is;< +s-xi><«,17b;+«l'48.»0<J.7»;,+Hl-7LOAlMBi+IEV*
S8a,l7T.(M8 8<ltt,l>4Bj8Uft +»i>|
at.Sll.7>M C7JI«i>«48i,>«B.4a4[ 4a.i!07.aiMi
PhllulelDhls..l>tiui>iincBaltlmur*
ToLMIddlc. nM.S4H.4«>l| 880.400.738+1
rhicwoCinvlniuaiMllvmnkM....IHu<>lu.lodtanapnllft...ClernlmoArotnmbuaPanrlaOwjMMWnnMpulU...
Tot.Wwt...
SLIxmlaSt. J(i«epli.S** Urlauu..t.oaUTIII«Kanau Cttr-.MWBpltl*.
Tg(.8oiittu.
Total aU
OauMalLr..
880.018.84^14:i.«ui.HauiI7.jin.8m'ia.ii-U.ui»^,
H.tia.'nwlii.»4\a*>
188.807.441 +18^8a,ua,iieo -f i;t'i».m7jMii;t.i4-;18,«(7,8tM "
8,804.111S.4IW.7WUuT.oan4>»'l.8078,IIMI.888|
17.410. •ttti
17.47«.«8]-)
S:0.lia73 8; 8uS3n.08S
10M.I1I3IW.0,000
I
7i.ftn.Min4.0»«.7»7'
81.3t«.<an1H,TK).I75I8X.wa.<48|4Atl.l<n
ao.aao.a9e
111
3,7l,0,tl5 1 IS
I48J8M.S80 1 ie.7s«,auo
aa^unjaa 4i«,<wi>m
auB87J0«^8,18l«Mi<.4ai -f*ni|»<JMII.lMtX61 »7,ai>V.I«MI« +84-0
l,a38.ISViaS l,0«),IBIMa •r18^il0.a8l,4aa,47l< tf.804M]H« +ir»
Our compilation coverirg trHmactions on the various NewYurk excbaagea now embraces the liist nine montlis of 1884and 1885.
mnt wtontht. maActual linr'Mr.ilM. Prkt.
Oi-8
,,.,... ........ i»a$l.i..'vi0.i>10 tl7-N»l.Mi-.i,lM7 !«0»*(7.a;.i 116-7
l3eo3,iKia8fle| <a»8.aM.214,V<l|M 4-100t7o;,«7(<,4na 808 8:)
tlUilI.88Uie4| eOHr.
7,801 14eM«l
The retoroa of exchanges for the five days end>>d this even-ing, as received by telegraph, make a very favorable exhibit.At all points except St. Louis (where the tiKures cover onlyfour days) there are gains over the precfxlioK Ave days, and intheaggr^te forall thecitii^theincreaHe reachi« $141,^1 8,!S60.
Compared with the corrt»potiding period of i(iS3 tlie excess is
28 2 per cent.
nMOa«i«wHa«(lcl.a. 8 DfyMud't
1881. uaa. FtrOuu. 1888.
Baw Tork. l7D4j98<>.8ie IS40.O873T8 +«»0 IS0S.Ufl.0l8
aaUtotatotk (jkt.) (ii.9i».a«7) (1.888.8 1) (-Htt48 («.:8S,i»7)
Boaton. _... 78.01a.oaH •0.I74..I87 +818 ea.M3.iC4
PtilladalplUa A3.8U0.Stil «0a77.8UO -|-83'» 4(.7S»,t)<»0
Baltlawrs. 10.8S2.ltKl 0,040.8X8 +«4 8.017,44.1
CklaMO. ae.7*e.ono 43A(H,000 +K4-7 4LMO.00O8t.Unli...„ 1^.777.075 11,5IW,14S +10-8 13.!M4.4H»
Raw Orlaana
1093,340.3811
A,«JS,0(W -18 4.441,887
Ti7t«3.07V.:«»Total 8710 816.180 +a«-3
«7,100,IO& 68,719.862 +«-8 «'j lr.^ vifl
Total aU...„. • tMmiua.4:ii ^77«..^34.7:^2 1
Om.i<i«> **-• • $jsn-iiMr, • «" 4 • ""O «'.H ^.••... •..,.,
PtrOlHU
~+wi(+80-8)
+12 4
+173-106+•47
+i8-a-8-7
"+84 <
tSl'4
+84-7
•; 7
* aMtauUi uu tlia baala ot Un uui naaUr rstnra.
410 THE CHRONICLE. [Vol. XLni.
THE FINANCIAL SITUATION.NotwitbstandiDg the interest and bond disbursements
by the Treasury this week, the money market has afEorded
no evidence of relief; on the contrary the demand for
funds has been more active and the rates higher. Asrepresented by bankers' balances, the extremes have been
10 and 5 per cent, with the average 7 per cent. Stock
speculation was unusually heavy, and the transactions, par.
ticularly in some of the fancy properties, very large.
Borrowers upon these securities, and indeed upon all that
liave been rapidly advanced of late, would naturally have
diflBculty in procuring loans except at comparatively high
rates. This could not fail to be true now when the majority
of the banks are in no condition to meet a demand from
stock borrowers, the reserves being at the lowest point of
the year, and three of the largest institutions carrying
nearly the whole of the surplus. Those banks which have
undertaken to make stock loans on call have done so
through brokers, and have generally secured the best
average of the day. Commercial paper is without
material change. Banks holding surplus funds have been
using them in part in the purchase of choice names at
high rates, and some of the out-of-town institutions,
notably those in Philadelphia and Boston, are reported as
making judicious selections from the notes offered by the
paper dealers. A special demand for money last week
and this week has been for deposit with the Treasury in
exchange for the new silver certificates. Out-of-town
banks have drawn heavily en their correspondents here
for that purpose, the demand being general all over the
country. Besides this, the South and West still continue
to absorb currency for grain, cotton and other products,
and the payments into the Treasury for customs dues are
large.
In London, discounts of 60-day to 3 months bank bills
are reported easy at 2f per cent, and on call the rate has
been at about 1:^ per cent. This ease can hardly be
expected to continue unless the flow of bullion is changed.
The Bank of England lost £646,000 this week. Ourspecial cable explains how that occurred, and shows the
reason why it has had so little influence on the London moneymarket, the loss being made up by a receipt from abroad
principally from Australia, of £120,000 and an export to
several points of £95,000 and a shipment to the interior
of £671,000. It is thus apparent that the amount sent to
the interior was £25,000 larger than the entire loss ; and
as all that will come back after a little while, it natur-
ally counteracted the effect of the low reserve,
which was reported at 33 5-16 per cent, the lowest
since January 6, when it was 32J per cent. Still, as
shipments to the interior must probably continue for the
present, if there should also be important amounts of gold
taken for America as is possible, a change in the Londondiscount market would seem more than likely. TheBank however is seeking to resist the^drain this way bydemanding, as we are informed, 1^ pence more per ounce
for gold bars than tho open market rate, and so long as the
withdrawals for New York are confired to the street, the
managers of the Bank may be content with their
present policy, especially as an advance in the
ofiScial minimum would likely result in the insti-
tution losing business and in harming general business
as well. We would however commend this fact as to
price of gold bars in London and the same condition in
Paris and Berlin to those who so strenuously assert that
there is no dearth of gold. The signs of business improve-
ment in Great Britain do not multiply as rapidly as one
would expect, judging from the glowing market reports
received from there weekly. For instance, by cable
yesterday we had the Board of Trade figures for Sep-
tember showing an increase in imports of £970,000, buta decrease in exports of £310,000 compared with Sep-
tember, 1885. It will be remembered that in September,
1885, the imports were £2,286,000 less an! the exports
£1,884,000 less than in 1884, so that this seems to be
evidence, as far as it goes, of contraction instead of
improvement. Of course some of the loss is due to lower
prices, though that ought not to be an element this
year.,
Foreign exchange has fallen 1 cent per pound sterling
since our last, and francs have been reduced |^th of 1 per
cent. The market as we write is steady at the decline,
but the demand is barely sufl5cient to absorb the bills
offering. If there should be a further supply resulting
from the movements of cotton and securities the tone would
be decidedly weak. As it is, sterling is low enough to jus-
tify imports of gold, and on Wednesday a small consign
ment was ordered out from London, and if it were not for
the premium put on bars by the Bank, takings would have
been much larger. Cotton is now moving freely and there
is also a pretty steady demand for securities. The arbitrage
houses are buying stocks for speculative purposes, while
other bankers are buying for investment, and the latter is
increasing, and barring accidents is likely to increase.
With the traffic returns of our railroads so very satisfac -
tory, and business here showing constant signs of improve-
ment, and capital so abundant in Europe, such a tendency
is natural. A rise in the Bank of England rate, if it
occurs, would affect and might reverse the speculative
movement, but the takings for investment could not be
unsettled by that event.
The new silver one dollar certificates have been issued
this week in large numbers ; in the retail trade of the
city they are to be met with everywhere now, and as a
substitute for the metal dollar will be popular. It is
reported that the Government expects to keep out fifty
millions of the ones and twos, which was about the
amount of the legal tenders of those denominations
outstanding until a part of them were retired to
make place for its idle coin. Of course as
these small notes flow out the silver dollars will
flow into the Treasury, ridding the country speedily
of that nuisance at least. Consequently as soon
as Congress meets the question of new vault room in
which to store our little jokers will require attention. Asan economical expedient we would suggest a further bit
of legislation authorizing the Treasurer to store the silver
in bars—it would pack away better in that form—and
then issue these notes on 412^ grains of the metal
uncoined. Wherein consists the wisdom in going to the
expense of putting the stuff into a form everyone rejects ?
Besides it would be] easy if the metal is 3 kept
in bullion, and if Congress finds it has gained a
few additional grains of discretion during the
vacation, to set apart enough more grains of silver as rep-
resentative of these paper issues, to make a dollar worth a
dollar. Any man who honors women must hate to see
that good honest face of Martha Washington endorsing a
fraud.
In general business there seems to be no material
change, either in the extent of the transactions or in the
conditions affecting trade. Daring late weeks many large
failures and defalcations have been announced, but it is
quite a feature of the times how little effect they
apparently have had and how quickly they pass from
memory. There is no doubt some reason for this, in the
knowledge that the condition of trade and of merchants
OciOBKR 9, 1888. J THE CHRONli.Lfc: 411
generally is sound. These cases are results of old troubles
and none of them have been developed out of the present
activity. The extAit of the crops is now everywhere
determined. Com has matured even in the extreme
Northwest and frost has done it no harm this year
it is only waiting to be hardened, and cold weather is
needed for that. The crop is likely to be fully up to the
last statement of the Agricultural Department, and per.
haps, in view of the favorable conditions which have pre-
vailed since that was issued, the final report may show
some gain. Cotton is the only other crop not yet put
away. Excessively wet weather has lowered the quality
of the staple in parts of Texas and in some other districts
of the Southwest, but in general the quantity has not been
lessened by the storms. The very low prices that are being
realized for our agricultural productions is an unfortunate
fact to the producer. Siill the production in almost all
cases is large, and low prices with an abundant yield are
far better than higher prices and a crop failure. Thi
must be the explanation of the active demand for goods
reported to be now in progress in the farmiiig sections.
As already stated, trade continues about as before
reported, thongh in an important particular the situation
is improving all the time and that is that the profits of
manufacture are becoming more satisfactory. The iron
trade shows a pretty general advance in prices, nearly all
kinds and makes of iron and steel being held at higher
figures. Coal also continues in active request at enhanced
quotations. In the dry goods trade, a good busmess is
doing for the season of year, and in eotton goods and
print cloths there is special activity at paying prices, some
of these fabrics being actually scarce. An evidence of
the widening circle of activity is the enlarged tota's of
bank exchanges. We have made up the clearings for the
month of Sep'^mber, and they record not only larger
aggregates than for August, as is tuual at this season, but
also a very decided improvement over the same month in
1885, which is the more remarkable since in that year
some little progress had already been made in the same
direction. The increase reaches nearly 700 million dollars,
or over 22 cent The following are the monthly compara
live figures since the Ist of January.MornHLT cuuanos.
TMatM.
I
Jaaoarr..
Aprtl....
»urJan*JmXr ..-
AMaat
.
F.Ol.
4.uoM«.uil «.ws.«iB.«si -fsn«Ma,s«QkMii t.mju/mi'^tn
iumuoa.iB4i mwiSisyws i »<•ajntjtomv s,oo7.««i.ry'
CUmrU^ OuUiat JHn» ror*.
t.iMjaasis'MM,asi
4«»sl
WK.
l^l.TU.ISSijtim.'M.itiB
UKUMI.BBI7I •at.SM.WllT.flS9.1*lJMw|
+»»-l-»l-8
+V3f-ii-a
t-ISS
+iro(-I8-S
h»l1l
•t-I*7
Of course m » maaaore the heavier aggregate is the result
of the increased speculation upon our Slock Exchanges, and
yet the actual value of the stock sales on the New York
Exchange was only about 130 millions greater than in the
corresponding month of 1883. Moreover, the transactions
for September are far from having been the largest of the
year, they having been exceeded in each of the first three
months, and particularly in February and March. It is a
striking commentary, however, upon the character of the
present dealings, and the tendency to speculate in the low-
grade properties, that though the actual number of shares
sold in January and September was not materially diHer-
ent, the value in the former month was nearly a hundred
million dollars greater—that is, in January the speculation
tended towards the better or high-priced properties, which
now are comparatively neglected. The foUowing shows
the tnuisactioDS for each of the nine months of the year. |
SALES OF STOCKS AT TUB NEW TOKK STOCK KXCIIAXGB.
Xumbtrof Shara
Valun.
Par. Actual.
Xumlttr
of sltarrg.
JannUT...FebnaoT..MankAprUMwJan*July
Aujniit....
Talutt.
Par.I AetvnL
.1 6.'-
12.373'
f:'fl,W9J
M73
»I
«7.133,860 fil»,flOA.050 4S9,3<14,8S8
7,4t3,aDo'ae!>ji(ie.aoo w>sai,vsi«ji»ifitn aio.i48,4ao 4oe.au,«334,488.216 431.231,390 380,677,108
5.007,077 <61,1(«,1S0 313,S88,»<0
4.4S6,7SS 4(«,Sg3,ogO 373,73't.733
7,830,778 783,2 '8.710 403,liaS486,871,ie3 638,718,860 3^3,406,060
September ..! 8,S9e,IMl 74»,1IKI.7W 47a,l3e,060 5,889.548 MS,780,9aa 348,463,707
Railroad earnings are another >. dence of the progress
of our industries. We give on a subsequent page our
regular statement for the month of September, and it
shows an amount of gain second only to that recorded in
August. It is true that in the case of some roads
the exhibits for the closing weeks of the month were not
quite so good as those of the earlier weeks, but
that followed simply from the fact that these clos-
ing weeks in the previous year had done better
than the preceding weeks, so that we have conse-
quently been comparing with improved results. Themost satisfactory feature however in connection with the
gain in earnings is that so large a part of it is usually
carried forward as a gain in net income—that is, expenses
are increasing in a much smaller ratio than the earnings.
Perhaps the most striking illustration that we have hadof this tendency is found in the case cf the August state-
ment of the Burlington & Quiacy issued this week. TheBurlington & Qaincy is, as is well known, a large corpor-
ation, and its figures are commensurate with its size. Ascompared with the correspoi)ding month in the previous
year the gain in gross in August this year wi^s $323,871,
of which no less than $426,964 counted as a gain in the
net, the latter equivalent to more than one-half per cent
on the company's stock. Nor is the Burlington k Qaincy
alone in the favorable character of its net earnings. Suchwidely separated roads as the Louisville & Nashville, the
Northern Pacific, the Atchison, the Chesapeake & Ohio,
the Pennsylvania, and the Milwaukee Lake Shore k,
Western are distinguished in the same way.
On the Stock Exchange all these encouraging facts and
circumstances are reflected in very heavy dealings and ad.
vanciqg quotations. Uailroad earnings being excellent,
and the prospects for a heavy traffic in succeeding monthsgood, with trade operations increasing and mercantile
profits improving, speculators and the public are nearly all
operating in favor of higher prices, and thus it is com-
paratixaiy^asy to advance quotations, while elements of
weaknaas (there happen to be very few of themjust now) are easily overcome by the strength
of the general situation. There have been this weekwide fluctuations, and it would seem heavy realizations
by large operators, causing declines more or less temporary
and more or less important in special properties, but the
general tendency of the market has remained unchanged.
However, the advances are confined to special stocks, like
the Western Union, New York & New England, Cleveland
Columbus Cincinnati & Indianapolis, Canada Southern,
Philadelphia & Reading, &c. Tois discloses one of the
features of the market that has recently grown into great
prominence, namely the disposition to speculate in the in-
ferior or low-priced shares. It matters not under whatpretext these are moved up, the fact remains that they
are being handled in large blocks and that operators ap-
parently find it very easy to advance quotations of the same.
The non-dividend payers are for the moment in greater
favor than the properties which now and for years past
have been netting regular returns to their holders—certain
412 THE CHRONICLE. [VOL. XLIII.
it is that a rumor of a prospecive dividand, however
absurd, and probably because it is absurd, counts foi
more than an actual regular dividend cominfj
in the ordinary way. In the same manner large
earnings by the companies making regular reports,
have apparently less effect upon their Oivn and other
stocks than have unauthenticated accountJ of the glo-
rious exhibit that this or that road would makf, if the
officials would only furnish the figures for pub'.ijaii in. At
such a time a word of caution is not out of place, but it is
.just at such a time- that caution is not heeded. Stocks
should be bought on merit, not merely on tlie rumor or
the fact that a clique is at work boosting prices. There
is no nead for any fears as to the general business situa-
tion—the couQtry is prospering and its industries expand-
ing. Tnese fact.s cannot fail to have an effect upon
earnings and upon the va'ue of railroad property, and no
doubt some of the low-price 1 shares, if judiciously
selected, will prove good invest tents, but the mistake
should not be made of supposing that all the rag-tag of
speculation are to be lifted to the level of sound dividend
payers.
There have been few special influences to affect the
market during the week. Governor Pattison's letter to
the Attorney-General of Pennsylvania, the merits of
which we discuss in another article, had some effect upon
the coal properties early in the week, but it was soon
seen that the effort to harm the companies would prove
futile, so it ceased to have any further influence upon
speculation. Western Union was whooped up on
the reiteration of the reports of a
telegraph war. Everybody directly
nected with the companies denied
this apparently only added zest
movement. So, too, with the New York & New Eng.
land. The more strenuous the denials have been of a
consolidation or amalgamation, the greater the demand for
the stock. Cleveland Columbus Cincinnati & Indianapolis
and Canada Southern have been advanced on rumors of
heavy earnings and possible dividends. Missouri Pacific
and other Gould specialties have also been very promi-
nent in the speculation this week and have scored a rise.
The Grangers have been rather weak, because of fears
that the meetings next week to perfect the pools mayprove abortive. Among the coal shares Pnikdelphia &Reading has shown much slrength. In the bond market
Texas & Pacifies have been a feature at higher prices.
The following statement, made up from returns col-
lected by us, shows the week's receipts and shipments of
gold and currency by the New York banks.
settlement of the
or indirectly con-
the reports, but
to the upward
Week ending October 8, 188B,
Cttrronoy.
.
tioU
Total sold and )effal tenders..
Received try
S. T. Banki.
1177.000
SMpp&I by
iV. r. BanJa.
13 212.000
60iJ,OQO
I3.74-J,000
Set InUrioT
Movement.
!,7U5.000
5U0,OO0
Loss..
Loss.
.
Loa8..t3.a63,000
The above shows the actual changes in the bank hold-
ings of gold and currency caused by this movement to and
from the interior. In addition to that movement the banks
have gained $3,500,000 through the operations of the Sub-
Treasury and $1,300,000 more by imports of gold. Addingthese items to the above, we have the following,
which should show the total gam by the New YorkClearing-House banks of gold and currency for the
week covered by the bank statement to be issued to-day.
It is always to be remembered, however, that the
bank statement is a statement of averat/es for the
week, whereas the figures below should reflect
the actual change in the condition of the banks
88 between Friday of last week and Friday of this week.
Week <n<tln« Oclubrr S, 1888.
Ranki* Interior Movement, a« above8ab-Treaiiir7 oper.and gold Import.
Total KOld and leKal tendera. . .
.
Inte Bank*.
14:7.000
13,800,000
»13. 777,030
OutoJ Banla.
»3,7J 3,000
,^.00,000
112.213,000
Net Change in
Can't Hoiilln.;s,
1.03S. tsJ^t.O^littln.. 4,8»,000
a ila. 11,533,000
The Bank of England reports a loss of £646,000 bullion
during the week. This represents, as said, £23,000 net re-
ceived from abroad and £671,000 sent to the interior. TheBank of France gained 13,525,000 francs gold and lo.st
1,450,000 francs silver, and the Bank of Germany, if
correctly reported, shows a decrease of 34,670,000 marks.
The following indicates the amount of bullion in the
principal European banks this week and at the corre-
sponding date last year.
Oct. 7, 1886. Oct. a, 1885.
ecid. Silver. Bold. Silver.
Bank of EnglandBank of FranceBank of Qermany
M20,551.30155,203,552
18,744,135
M
45,461,821
14,T35,365
*21,464.92=!
46,0'J7 36112,677,850
50.240,142
80,979,800
M
44,011,68015.495.130
Total tMii weekTotil previous week
94,561,991 60,197,18695,585,670 61,06i>,723
)0,506,83O')^.447.126
The Assay Office paid $150,724 tbrougb the Sub-Treas-
ury for domestic and $1,334,899 for foreign bullion during
the week, and the Assistant Treasurer received the fol-
lowing from the Custom House.
DtMet,
Omaitting oj—
flair.
(told.XT. a. Bold Silver Oer-
SoUt. Oertifle's. tifleatee.
Oct 1. »553,293 47 $3,000 16 1,000 $122,000 $63,000' 2. 315,533 60 1.000 50,000 221.0JO 40.0!" 4. 487,328 71 2,500 68.000 38 ),000 38,000" 5 744,788 57 3.000 91,000 58-.,000 61,000" 6 450.780 27 4,500 53,000 3i3.00i) 43,000" 7. 260,791 48 3,000 43,000 139,000 53,000
Total $2812,516 13 $17,010 $373,000 *2 lll.nr*'^ lans.ooo
Included in the above payments were ^7,000 in silver
coin, chiefly standard dollars.
TBE ROYAL COMMISSION AND BIMETALLISM.We are sorry to find that the Eveniiij Post takes fuc
ther exception to our views with respect to the rehabilita-
tion of silver. It seems to speak as if the usa of silver in-
volved something entirely new to be applied to commerce
to-day, rather than the continuance of something very old
upon and under the influence of which the commerce and
values of the present have been built. A new monetary
system suitable for a new world is not according to our
view the form the question takes. The nations have got
to accept the conditions as they exist and do the best they
can with them. Wide distress and danger of far greater
disturbance hava followed interferencs with a currency
almost as old as history itself, and which for about seventy
years of this century had served as an absolutely perfect
contrivance for measuring values. Now it does n^S see a
to us quite in point or a happy use of words, gj tilk atiout
alchemists in response to a proposition simply to restore
that situation.
Nor can we see anything so very difficult in such a restor-
ation, except that a special effort is always needed in recov-
ering a false step. In the present case, when the surround-
ings become pressing enough to overcome the conservatism
of Great Britain the recovery will be assured, for theadop.
tion of a feasible method will be a natural outgrowth of
such conditions. Emergencies always develop measures of
relief. In a general way we may say of silver that it was
robbing the metal of its uses, ani discrediting the world's
accumulated stock, which produced the collapse; so any
device which promises to restore its uses and re-establish its
credit is obviously in the line of recovery. Veiy few really
require silver to-day except the manufacturer. India even,
October 9, ismo.j THE CHRONICLE. 413
k J8 claimerf, is losing its taste for it, and if we leave affairs
to drift as now, this tendency must develop more and more.
ReactioES in the price of the white metal will occur, one
is in progress now, but in the nature of the case it mnst
be temporary, and at each succeeding dip a lower level
will be reached. London editors had a theory early in the
controversy that a recovery would be attained by some
countries usin^ silver and others gold. It was pointed
out to them at the lime, that with discredit attaching
to silver, sucti a method was not feasible, and lat-
terly little has been heard of the idea, the mono-
metallisU trusting to the folly of the United States for
speedy relief.
Fortunately the present administration averted the
curreocy disaster in America which Europe was wailing
for, and which at one period seemed to be not only
loeTilable but very near. In the meantime derangements
of a similar character developed in India, until the
situation there has now become threatening as well as
embarrassing. So at length the issue in Great Bnuin
appears to be reduc^ to one of endurance between
India and America, but looking at it through Earopean
glasses we presume that of the two our position still
appears the more shaky. Hence so long as we coin dollars
we cannot feel any considerable confidence that the work
cf a commission will result in more than a temporary expe-
dient for the relief of India. Tnoughif the distrust which
is becomiDg so apparent there of late should develop
speedily and suddenly, as it mnst some day, the disturb-
•ce It would cause and its effect on the minds of men
«aB scarcely be measured. We notice in the London
papers received this week a telegram from Madras refer-
ring to a meeting of the Madras Cnamber of Commerce, at
which the Chamber made several proposals respecting
silver, and then expressed the opinion that when ooca the
people of lodia realir^ the fact that the future of silver is
^ry uncertain, there may be a rush for gold in India
difflcult for the world to meet. Tais is substaniiAliy in
accord with Ernest Seyd* forecast in 187 1 ; of course it was
then and is now no more than a suggestion, not of what
we should say was imminent, but of a fear of an event in
the direct line of sequences.
^Ve simply refer to these circumstaoce*, though they
cover only one phase of the distress silver demonetization
is causing, because they are the more recent developments
and seem to point to the near approach of a crisis when
the need for the old order of things will be moat pressing.
But the Poit apparently does not think that even then silver
can be again adopted as currency in union with gold, hwill not accept as conclusive on that point past experience,
when as already said the world used and miiataiaed
silver and goM at a Gxed equivalent, an absolutely perfect
contrivance for measuring values, for so many years.
According to our view, stability during that period seems
to establish tne principle, for this is not a question of
ratio; the ratio can be changed to suit the conditions if
tbej have ckauged ; and what has been done once it is
generally admitted can be done again. But going further
and looking at the question as a matter of principle rather
than of precedent, the case is equally strong, ^'e will
find for instance that nothing has happened to silver
in the depreciation of late years that might not have hap-
pened to gold many times in the history of that metal,
bad the nations treated it similarly. In other words,
legislation or the edict of nations has and can, beyond a
doabt, give or rob gold or silver of its value. Then
again gold has appreciated, been raised in value now by
tUs arbitrary discarding of silver, and even European
MoaoDist* seem to be pretty much agreed in believing
that it has permanently risen if silver is permanently dis-
carded. And what shall we call that but substantial
evidence that the principle which is true of com-
modities, that legislation cannot add to values, does
not apply, to the same extent at least, to money,
money being a measure of commodities aud not strictly a
commodity.
This gives prominence to a distinction as to sources
of value. Cost of produciion governs the value of
commodities; prices may for a time fiuc'.uate widely
with the varying supply and demand, bat in the end
the actual cost controls. With regard to the metals as
money, production is a consideration, but one of much less
importance, their great Talue being due not to any natural
demand, but to a special constant demand given to them
by the Government. They possess certain q<ialiiies which
make up their fitness for the purpose—such as hardness,
durabihty, a possibility of only limited production,*
kc; having these requisites, legislation, or we misht
better say the fiat of nations, confers upon them their
special value. Contributing to the same eni, and a
further souece of stability, is the large accumulated stock
of coin which the nations of the world hold and which
commerce needs and keeps in active use for currency pur-
poses, say about £700,000,000 of gold and about £700,-
000,000 of silver; n)w when we add to this stock, the
small annual production possible, say £22,000,000 of silver
and £20,000,000 of gold, with probably more than a third
of the whole going into the arts, we see in the very nature
of the situation that current supply could have no appre-
ciable effect on the mass. The world has several times
had forcible illustration of this truth. It is sufficient
to refer to the occasion when our own gold mines were
discovered in California and when gol<j proluclion
suddenly rose from £6,000,000 in 1849 to over £33,000,-
000 three years after and continued a; near £30,000,000
for a number of years and at>out an average of £23,000,-
000 from 1832 to 1870, while during the same time silver
production only rose from £4,000,000 to £10,000,000.
Here are conditions which would certainly and obviously
change the relations existing between the two metals had
there not been some regulator in control higher than sim-
ply cost of production or natural supply and demand.
GOVERNOR PATTISOirs COAL MONOPOLY.It is interesting to observe the psrioiic outbreaks of
hostility to railroad companies and other corp3rate prop-
erty. The form of attack may be different and the basis
of action changed, but the spirit is always the same. It
is apparently impossible for a certain class of parsons to
treat corporations as they would organ!/ ad bodies of pri-
vate individuals, though it is difficult to sse why they have
not the same rights and are not entitled to the same consider-
ation. Of course the charge of monopoly is always made,
and never proven, having less foundation to-day than ever
before, and yet not a month passes but that some new
champion of "anti-monopoly" arises and volunteers to res-
cue the people from their corporate "oppressors." In the
mean time, business thrives and nourishes, the country
continues to grow and expand, and the great bulk of our
people are happy and prosperous.
But we think it was reserved for the past week to wit-
ness the most thoroughly groundless cause of complaint.
Oar readers will understand that we have reference to the
manifesto of Governor Fattison of Tennsylvania against
the coal companies. Though the result of last years
* We are awnto some olalm thit RlWer oan dow be proiluoed witliout
Itrotl; We kuve not room here to nlcr apon thitt polDt, but the elaini
hat nothing to aapi)art It.
414 THE CHRONICLE [Vol. XLni.
efiort by the same officials in much the Bame direction is
yet in doubt, the Attorney General is advised in a letter
to him by Governor Pattison to begin legal proceedings
against the roads in the coal combination on a set of facts
which the Governor takes pains to state have been "meas'
"urably authenticated."
If it were worth while, many of the so-called facts con
tained in this letter might be successfully contro-
verted, but we think the inquiry may well be limited
to two main considerations, namely (1) whether the
coal combination has any of the essentials or char,
ftcteristics of a monopoly, as charged, and (2) whether
there is any basis for the claim that prices of coal
as now fixed are extortionate. "With these two points
clearly established, it will be easy for any right-thinking
person to jadge what merit there is in the proposed
action. What suggested the Governor's letter of course
was the knowledge that there has recently been some
advance in the price of coal. But there has at the same
time, owing to the improvement in trade, been an advance
in the prices of many other commodities, and we may rest
assured that if coal were an article of private manufacture^
instead of the product largely of corporate energy, the
rise in it would occasion as little remark as that in the
other cases. As it is, the advance is regarded much
in the nature of a crime, and yet the truth is that the
companies had for a long time been practically on a war
footing, notwithstanding the combination, and that prices
had been continuously declining for a number of years, as
we shall show below, till finally they got down to a totally
unprofitable basis, so that the attempt had to be made to
recover a part of the decline.
It is only necessary to refer to this continuous decline in
prices to prove that the anthracite coal combination is in no
sense a monopoly. Gov. Pattison is correct in stating tha,.
the combination was formed towards the close of 1884; yet
in the face of that combination we find prices steadily
falling till about July, 1886. Now it is clear to any one
in the possession of his senses that a monopoly would not
tolerate such a state of things—a monopoly is by instinct
grasping, and so far from accepting lower profits, is all the
time seeking to increase them. Apart from this, however,
there is no basis for the charge of monopoly. The coa^
combination is simply an agreement or understanding by
which the companies engaged in the mining or transporting
of coal seek to adjust production to the limits of consump-
tion. Such an understanding is absolutely necessary,for with-
out it each company would mine all it could, and as the total
capacity is estimated to be nearly 50 per cent in excess of
present consumption, it is easy to see that the result of
the policy of unlimited production would be to flood the
market with coal and involve all the companies in ruin.
The same difficulty has to be met in other industries in
the same way. Thus last year the steel rail manufactur-
ers came together, and placed a limit upon the output o'-
rails, and the improvement in that branch of the iron
trade really dates from that time. Or take the cotton
goods manufacturers, they adopt practically the same
course when they shut down their factories and keep
their spindles idle for a time. Then there are various
other branches and trades where pools or combinations
exist. In nearly all cases these are the outgrowth of
necessity, and against none of them is any' protest lodged,
because private persons and not public corporations are
concerned. But the law of supply and demand is as
inexorable in the one case as in the other. However reluc.
tant individual persons or companies may be—and it is
well known that many of the members of the coal com.
bination joined the combination only with the greatest
reluctance—the law of self-preservation makes it inoum -
bent upon them to overcome their objections and combine
with the rest.
But while the combination attempts to regulate prod uc
tion (though only so far as to guard against its being greatly
in excess of the probable demands), it does not attempt to
regulate prices. It is true that the recent advances have
been made In concert, but that was simply because prices
had got so low that raising them was necessary. It was
supposed when the combination was formed that by
limiting production in the way mentioned, any very great
break in prices could be prevented, but such is the natural
antagonism among the companies and such was the de-
pression in business, that the decline could hardly have
been greater if the combination had not existed at all.
The slaughter of prices finally became so great as to makeall the companies of one mind as to the need for a change,
and business having in the meantime improved, when the
representatives of the companies came together they were
agreed both upon the policy and wisdom of once moreselling their production upon remunerative terms—and
that is all there is to the recent advance and to the charge
of monopoly which it has called forth. A few figures will
give point to these remarks. Here is a table showing the
average yearly price realized for all sizes of coal from
lump to pea inclusive, in each of the years from 1869
to 1885 inclusive, together with the average for the
first half of 1886. E.Mept as to 1886, we use the figures
of the Engineering and Mining Journal, which pre-
pares a yearly record of the same. The prices cover
Wyoming and Lackawanna coals free on board in NewYork Harbor.
AVERAGE TEAKLT PRICES FOR WrOMING AND LACKAWANNA COALS (ALLSIZES) F. O. B. NEW TOBK HARBOR.
Tear. JPrfce.
$5 85
4 53
5 29
3 80
i 81
6 09
Tear. Price. Tear. PrUe.
1875 t...3 092 79
3 23
2 32
S 55
1881
1882t3 843 781870
1871 1877
1878
1883 3 65
1872 1884 3 41
1878 1879 1885 8 12
1874 1880 1886 (6 mos.) 278
This shows that the average price for 1886 at $2-76 per
ton was lower than in any other year in the record esjpept
1879, which latter was the culmination of the previous era
of trouble among the companies. Moreover, we find, as
said, thatoombiaationor no combinatioQ, the fall ia prices
has been continuous and uninterrupted since 1881, each
year showing a lower price than the year preceding.
Thus in 1881 the average was $3-84, or over a dollar
more than the average for the six months of 1886 ; in 1882
the average fell to $3-73, in 1883 to $3-65, in 1884 to
$3-41, in 1885 to $3-12, and for 1886, as already said, the
figure was $2-76. But great though the decline was, that
was not the worst of it ; the tendency was still downward,
and in one month the average was as low as $2-68^.
Clearly, therefore, something had to be done, and clearly
also advances (altogether) of 50 cents per ton are not largo
in view of the previous heavy decline. It is estimated that
should all the advances be faithfully maintained, the
average for the present month (October) wUl reach
about $3-25 per ton. Comparing this now with the
October result in previous years, here is the result
we get.
AVBRAOE PRICK IN {>OTOBEB.
1886. 1885.
$3 24
1884. 1883. 1882. 1831. 1880.
»3 2o' tS 29 $3 71 (3 93 »3 78 $384
* This ia the probable arerage, after allowing for aU tUe recentadvances.
Thus the advances made, just about bring prices up to
the average for October last year, and consequently leave
it below the figure of all other recent years since 1879
October 9, 1886. JTHE CHRONICLE 415
Eren two yean ago $3 29 was obtained, while in 1883 the
figure stood at $3 71, and in 1882 at $3 98—that is, in
the latter year the companies got almost 75 cents per ton
more than they now prop>ose to ask. Instead, therefore,
of present quotations being extortionate or exorbitant
they are very moderate indeed.
As to the necessity for an advance, we can see that very
dearly when we look at some of the efiects upon earnings
produced by the previous low prices prevailing. It must
be remembered that prices were at their worst in 1886,
and that therefore it will not do to take the results for
1885. But the Philadelphia & Reading is the only com-
pany for which we have returns for the present year, none
of the other coal companies making monthly reports.
Still the Reading's exhibit is sufficient to demonstrate
what a serious mat'«r the low prices had become to all
the companies. ^Ve give below the net earnings of the
it»d for August and for the nine months ended with
August, and also the traffic movement for the same nine
months.
RULKOAD AJTD COAL * IIOII OOMTAST OOMBDIEO.
irm rump.PML A
Amm>^Ok. I to
Am-n.0—t
Cmnimt. Came±Pmtmertrarrlti.
lan....
usi....
111-•.isa^w
TMMM
Ikw.MH^ISS
«4tM«B
MM^tSI
ailMlMS
•.tlB;MI
Am.ikSBMSI
tJSMWTMS^ITS
No.l7,7Bl.aS«
IT.l«3,8aS
18.ns.73*
From this we see that the August net earnings of the
Beading have in a period o.' two years been diminished
one-half—they were $1,928,880 in 1884, and are only
$1,067,021 now, and this in a montb, too, when a
partial advance had already been effected in the price of
ooal. Lest it be supposed, however, that thu month's
result is exeeptional, note that for the nine months that
have elapsed of the company's fiscal year, the net for
1886 are only $7,170,992, against $9,136,208 in the samenine months of 1884. These resnlu, too, were in face of the
fact that the traffic of the road (according to the figures in
the table) increased very decidedly, both passengers and
merchandise, and also that the company mined and carried
more tuns of coal than it did two yean ago. We are
unable to carry oar comparisons further back, since the
Central of New Jersey was not included in the years
preceding. It follows, therefore, that the Reading has
suffered not from a loss of business, but from a Ices of
profits. What the main reason for this loss of profits has
been may be gathered from President Ketm's remark that
* corporation could not go on forever operating at a net
loss of 42 cenu per ton, and that after losing so muchmoney it was about time that the Reading began to makeome.
Altogether, we think that neither the charge of
monopoly nor of exorbitant prices is substantiated by
mch facts and figures as these ; and while it is hardly to
be expected that those interested in arriving at a different
result will accept the conclusions reached, the managers of
the coal companies may rest assured that their policy has
the approval of the great body of the business public.
RAILROAD EARNINOS IN SEPTEMBER, ANDFROM JANUARY 1 TO StiPTKMDER 30.
Railroad earnings continue of the same very favorable
ebaracter. The increase for the month of September reaches
$2,858,671 on the seventy-eight roatls reporting. This
it not as large as the gain for August, but the New YorkCentral, which for that month contributed an increase of
$1,030,780, for September furnishes an increase of only
$611,733 (we have arrived at these latter figures by tak-
ing the result for the quarter ended September 30, as fur-
nished last week, and deducting from it the actual earn-
ings for July and August, previously reported), being a
difference of over $400,000. Furthermore, taking the
roads as a whole, we are comparing with much more
favorable figures in 1885, than was the case in August,
the decrease in September last year having been scarcely
more than nominal, so that there was less room for im-
provement than in other recent months. Nevertheless,
the gain now recorded for September is second only to
that for August, as the following summary of the monthly
aggregates since the beginning of the year will demon,
strate. The heavy gains for the last four months can not
fail to attract notice.
Jaaoarr (M ra*d«)..
February (dS rmdi).March (03 n»A^....Apt11(«7 roada)
llaT(«S roa4«)
JaiM(M> road*)
Jnlr (ST road<)
A9M. (73 mada)BaHaii ibai (77 road*)
jrOMfk
MUm.
«7.aas
4?.aes
«7.4M4S,I8S
ft3.«87
isee.
Miif.
44.88*
48JM4M7447,710
4«.aeD
«,77B47.130
SI .188
saiaaa
Bamtntt.
laes. 18BS.
«lajssMSlS.08t.SM
17.9Be,07S
i7,«8*,flei
17,070.179
10.061.630
10.147.730
94.aS»,»06
t7,SS1.707l
*I4.BaSJ3S
1433*49117,747,7S8
1S,417,SS«
17,M/,ft<0
17A13.490siano.asi
aB,o«e,*T5
Incnamar
Dm.Ine.
Int.
/IK.
Int.
tne.
Itie.
Inc.
Inc.
%1.0U.SS8i.s3o,sa
S07,84T
178.S3*
aas,S47
s,oe8,sao
s,74a,sta
83a*.ai
We have already stated that September last year was
not a particularly bad month, that the decrease was only
nominal in amount We may go one step further and
say that September has been a pretty g<x>d month for
several years. Of course, in this we refer to the roads
collectively, there being marked exceptions in the case of
individual roads and individual groups. In support of the
statement that September has in past yean given generally
a very good account of itself, we subjoin the following
summary of the results in that month back to 1880. It
will be observed that in 1880, in 1881, in 1882, in 1883,
the gains were very heavy and continuous ; that in 1884
there was a decrease, but relatively small (only $1,138,-
152), that in 1885 the changes were only trifling, while
now for 1886 the increase amounts to over $2,800,000.
Mim^,. AmiMfL/ncrmMor
Ttar Fdor FMf rasr J>wrMM,Olsra. PrwadM*. Otora.
Mttf. MOm. t • 1S<pt..lSBO(SBraa<la) 15.480^10 IS.713.088 inc. 3,773.108f>apt,I8Bt(aBroad«) iaam 37,388 a9..i«<.i7n *i.»a8iA/iu:. 8j»},aH8apt..l8H(»lraa4>>l 47,r» 43.17* 88,730.>«7 a6.1lM.4M Int. 8.M*.4aSSepUtSSS.aSroada) 81,7.*) VX» a7.4M.17» tS.4'«.'l<l(ac. 2,007.060
8w(,US4|aSrgMW turn S7,<IJ» •.«e6,0S4 «n,»»«.'jiH />M. l,i:M,ia«
St^^^SOiroada)iASM. 43,37* S<,S71l,4t3 *o,x»..u>'< tKc. tu.gis
«.«BT IH,aM «7J18I,7»7 is,oui.i!;i). Inc. 8,882,43
The influences at work to improve earnings have beenmuch the same as in previous months, though some of
them were relatively not so strong. A very potent andgeneral influence was the revival of industrial activity,
and this of course is as strong as ever. On the other
hand, the movement of winter wheat has fallen off some-
what, and many of the roads which had shown such heavygains in earnings in the previous month on account of the
large extent of that movement this year as contrasted
with the small movement of a year ago, are no longer so
conspicuous in that respect. Bat the movement of spring
wheat has grown to much larger proportions, and Chicago,
from showing a decrease below last year in that variety,
as in August, now shows for .Saptember an increase, not-
withstanding that Duluth is so completely oversbadowing
Chi(;ago as a spring wheat market, the receipts at the
Lake Superior port for four weeks of the mooth reach-
ing about 5^ million bushels I Of course a different class
of roads benefits by the increase in the spring variety
from that which was benefitted by the increase in the
416 THE CHRONICLE. fVoL. XUll.
winter variety ; and the roads that share in the Duluth
spring wheat movement are not always the same as those
that share in the Chicago movement. As regards South-
em roads, the cotton movement as a whole was not equal
to that of a year ago, but Galveston and New Orleans
had much larger receipts of the staple than in 1885, an<l
the roads in the districts contiguous and tributary to
those points had that circumstance in their favor. Thefollowing table, giving the earnings and mileage of all
roads that have yet reported for September, will
show how these various iniluences have affected different
roads.
GROSS EA.RNINOS A.SD MILEiOB IN SEPrEMBSK.
Ifame of Soad.
BuffaloN. Y. & Phil..Buff.BoLh. & Piitsl>•Barl.Ced.Kap. & No.Cairo VlQO. &CUio...Canadian PacitlcCentral Iowa01^1^aKO & A IronChicago & Atlantic -.
Chic* Easti-ru Ul...Chic. Mllw.<fc8t. Pan!Chicago &N.r(liw«BtOhio. 8t P.Minn. &0Chic. & West Mich....Cin. Ind. St. L. &Ch..•Cin. N.O. <feTcx.Pao.'Alabama Gt.8onth.-N.0.& North ISast."Vicltsb <fc .vieriilitn
•Violisb. «h. & PuoCm. Wash. & Bait....Cleve. Akron & Col . .
.
Col. & CiQ. Mlillanil..Col. Hock. v. & I'ol..
DenT. &, Kio Grande.•Dps Moines & Ft. L).
.
Detroit Lans'(? &So .
•East Teun. Va. & Ga.Evansv. * T. Uauio.
.
Flint & Pero Maru .
Ft. Worth & DeuT. O.1 Grand Trunk of CicnQuit Col. & Sanu Fe"Houston & Tci.CentDi. Cen. (III. Div )
Do (So. t)iv.).
.
Do (Iowa Div.).Ind. Bloom. & Weai..Ind. Decatur & So*Kan C. Ft. 8. & Gull•Kan. C. 8p. & MemL.^ke Eiio & Western.Lehlsh & Hudson ...
Lone Island•Loiilsv.EyHns &St LLouisviliei^ Nashv...Loulsv.N. Alb.A Chic,liouls. M. O. A Texas.*Marq. Hough. & On.'Memphis & Char'touJMexlcan CentralMilw.L. Sh. & West..Milwaukee & North..tN.Y.Cent.&HudRIN. Y. CityANor.h'nON.Y. Out. & West'u..Norfolk <te Western...Northern PaoiltoOhio & Misaissippl ...
Ohio SouthernPeoria Dec.&Evansv.Elch. & DanvilleVa. Mid. DivSo. Car. DivCol. & Greeuv. Uiv.West. No. Car. Div.
Bt. Joseph & Gd. Isl..at.L.A.&T.H.m.llne
Do loranoliesl.8t. Louis& San Fran .
.
St. P»:i!& Duluth...8t. Paul Minn <teM»Mftateu Isl'd Rap.Tran*St. Louis Ark. A Tex.Texas & PiiciaoToledo & Ohio Cent. .
Wab. Ul. i.rfiuU* Pao.* ffisoonsln l/entral .
.
Total (77 roads)..Or. R'y &Nav. Co....
(fi.Ks Bamin')\
1886. 1885.
$23-1.500118,8051K8.19457.511
9H3,0.1ii
12.5.976770.124174.030I'i7,b0lj
2,.555,00i:2;617,300018,80012^,5942i8.27.i172,S3068.14224,09!22,9G62tf,9.S2
203,71051.7213i,42ti
232,891632.t)'j927,748
100,7872in,6r)363,10-.
178.42-41,000
1,5^7,102217.002! 9,^46638,73 4
287,2741->2,591251,3633^*,3i7
1-17,1.S2
94, =.71
123,94918.306
330,23368,166
1,275,430190,593126,60081.08-'89,683
296,r)9 •
242,5315 7,'i3Q
3,049,40047.284
129,48.^3o0,966
l,4«l.4ii0406,98153,10189.810
360 3 37168,24058,5640,7205'<,641
101.29682,191-76.901
4«H,54-201,041823,3991,213111,943571, 80.175,827
1,201,93!83,786
27,931,707553,800
Grand total 28,4^5.507 25,626,836 4-2,358,071
S233,398133,431197,26943,965
823,487142,041755,825121,430169.714
2,273,2782,052,32.'!600,905116.8ii9219,256160,2695S,61724,80124.04124,923
149.82449,37625,535
231,9;(6568,69423,263
l'28.2*.=i
254,40968,470
167,75439,677
1,293,603211.163220,869615,605318,561107,2o8242.46130,799
142,62866,M85
121,14317,431
315,7852.539
1,146,97>'10 ,27290,0278i',76,^
88,710238,7914 8.6 lo
46,2992,437,667
42,391123,67,
s
246,8^61,224,95536-,81659,07479.157
373.033167,30480,15<.6 1,40045,866113,45487,07973,309
391,803172,57.1747,57374,160105.93446'',o0004,788
1,139,43974,179
Inereaie orDecrease.
25,019.276577,360
S—3,818
—14.026+925
+ 13.54+ 139.513-18,005+ 14,299+ 52,5—2.40
+ 231.722+ 134.975+ 17,395+ 11,785+ 29.019+ 1-2,061
+ 9,^25-711
—1,075+ 2,02y+ 53,886+ 2,351+ 9,841+ 8H.=.
+ 61.995—52
-J
—18,508+ 7,254—3.364+ 10.6'4+ 1,323
+ 221,499+ 5 83'
+78,377+23,089—3l,2!0+ 15,30+ 10.902+ 1.5 8+ 1,524+ 27,536+2,«01+ 82
+ 14,466+ 13.627+ 128,452+29,321+ 36,573+ 317+ 973
+ 57,79--.
+93,926+ 10.910
+611.733+ 4.8 )B
+ 5.8 )+ 51,140
+236.445+38,163— ,973+ 10,6 S3— -),706
+936—21,583—22.680+ 10,775—3,1.-8—4,'580+ 1.591
+93,743+31,471+ 73,819+ 17,053+ 5,939
+ 108,800+ 11,039+6i,497+ 11,607
+ 2,882.431—23,76.
Mileage.
1886. 1885
663294
1,006•26i
4,166511849268251
4,9893,9481,339413342336295lyO14317028114170
3211.317
ll.-"
2611,104146361140
2.92469252o9J:i
71140.53215238H2523860>
3512i3
2,0 l.T
520511160330
1,236534220
1,46.54
321503
2.77>61612323.77'35537.2962925 i19-
13f87225
l,50!i
2i735
1,487213
2,140418
33,297
66329
1
990265
3,061490849268251
4.9333,8431,32541334233629519614217028114470
3-24
1,317143201
1,101146361144
2,91353652095371140253213233928238663
3542 3
2,01
)
4 77511160330
1,23652722099354
321503
2,69166128234774355373296274252193138815225
1,47519
73-1
1,187213
2,140413
53,0:).']
I
•Includes three weeics only of Septamber la each year.t For four weeks ended S ptember 25.
} Uexioan currency.
oFiaure3oreiriUn<4 for last yeir hive been acUaited s> aj to maketlJe basis of comparison the same as this year.
If Including West Shore in 1836, but not la 1885.
The roads in the Northwest here dispute honors withthe trunk lines for the size of their gains. On the whole,the advantage rests with the former. What makes the
gain the more noteworthy is that these same roads had
gains a year ago, though only in the case of the Chicago
& Northwestern were they large. In the present year the
Milwaukee & St. Paul is specially distinguished in amountof increase, but the improvement extends to the whole
body of roads in that section, and some of them have a
very much larger ratio of increase. Thus the S'. Paul &Duluth has an increase of over 18 per cent and reports
the largest earnings for any month in the history of the
road. The Northern Pacific, which at the eastern end
runs through much the same section of country, has an
equally large percentage of improvement, its increase
reaching $236,445, Both these roads no doubt owe muchof their gains to the tendency of grain and other freight
to find a market through Duluth, The Manitoba road
also comes to the front with materially enlarged earnings.
To show that present earnings compare well not only with
last year, but with all other previous year?, we give the
following statement of the totals of five leading roads
back to 1881.
September
Chic. Mil. 4. St. Paul.
Chlo. & Northwest...Chic. St. P. Minn. & O... I 618.800
St. Paal & Duluth 204,018
8t. Paul Minn. Jb Man.... 823,397
2,555,000 Z,«3,276.
3,687,.300, 2,552.324
600,91)0
172,575
747,578
Total... ,'6,838,543' 6,346,660
1384. 1583. 1883. 1881.
t \ t: *
2.220.184 1,950.710' 1.844,070
2,«4r,9'i8 3,563,041 2,282,871
«3,-20l,241
•e.346,U14
527,884
l.'>2,l«
733,587
S,906.769l6,a3i<,4lJ5 5,9t>0,76j 4,859,063
523.4H2
142,37^
761,473
52.'.2a0, 378,370
120,-J15i 65,096
831,61- 483,281
Thus every road, with but one exception reports larger
September earnings than ever before, the exception being
the Manitoba, and that falls but a trifle below its best
previous figure—in 1882. The Milwaukee & St. Paul
perhaps give the best account of itself. To determine
now the influence played by the grain and provisions
movements in bringing about such favorable results, wehave prepared the following table of the Chicago receipts
for three years.
RECEIPTS AT CHICAGO DUKISG SEPTE^fBEE AND SINCE JAN. 1.
Wheat. bMhCorn., busa.
Oats. ..bush
Kye. ...bush.
Barley bush
Total (rraiD.
Flour.. .bbls.
Porn... bbls.
Cut m't8.lbs.
liar,!.... lbs.
LIV3hO(!,'.Vi
September.
1886.
2,165,550
8,541,135
4,728,305
118,386
1,959,187
17.510,653
384,171
1,813
8.472,185
7,970.143j
41:8.430 i
1885.
] ,202,366
6,712,834
4,809,360
S52.092
1,050,918
13,823,170
S93,800
2,393
11,505.214
7,501,697
374,967
1884.
3,472,9 8
7,732,030
4,911,131
779, !ai)
1,064,808
17,9«0.1l.)
235,717
752
8,l'20,29.-)
1,752,827
234,02;
JiH. 1 tu Sept. 30.
1886.
8.457,70
49,31-<.036
30,546,784
73«.»5
1
7,897.640
96.757.16 -i
2.574.4H4
16.;81
1««3.
13.n70.K79
49.1145.147
23,847.677
1.319 613
5,3 73,033
1884.
13.945,550
48.815.365
31,859,863
2,350,460
4,432,094
4,017.72
30,850
119.23 <,508 117,621,655
64,-J3-<.l46| 4a,l-.;2,093
4,576,0431 4,3-i0,514
98,7511,434 98,953,316
3,-23I,41l
84.642
89,408,323
45,006,430
3,230,110
Here we observe that the grain movement as a whole
was 3^ million bushels greater than in 1885, but not quite
up to that for 1 884. As compared with the latter year
the wheat movement was somewhat smaller, and the corn
receipts decidedly larger. We need not, as in the preced"
ing month, separate the spring variety of wheat from the
winter variety, for both classes show an increase on 1885,
and both a decrease from 1884. It is to be noted, however,
that the flour movement was larger than in either of the
two years preceding, the increase having been progressive,
and further in the provisions movement the deliveries of
live hogs were also very materially in excess of either those
for 1885 or 1884. But on account of the increased tendency
of wheat towards Duluth and Like Siperior, the receipts at
Chicago alone no longer oH^r a correct guide to the extent
and influence of the grain inovement. We consequently
produce below our usual detailed statement of the receipts
of the cereals at all the leading lake and river ports of the
West. The statement embraces not only Chicago, Mil-
waukee and Duluth, but Toledo, Ddtroir, St. Loui?, Cleve"
land and Peoria, the figures covering the tour weeks
ended September 25 and also the totals from the first cf
the year.
OCTO.EB », 18WH THE CHRONICLE, 417
KECnm or rvova. akd osxci pok rova wkeks kkued stiTKusKR33 Aao sixca jabuabt 1.
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'
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i.<ro
«H.S 4
B0.4II5»>.7UJ)«S7>I8
ia3>6i«
Tills 74
14,1601I.«>1U
yio.iwrt
M.86-^7.•»<lfi
»«.iua4IU.7S4
!0.:i7
«•.;.•).'
W.UU
4iU.&1044;,4'JU
'.-.7iO
XII.VM)
si,oiie{
'aKiM
lu ii<.MM,i«a.'.•
. .11 ai(.4iftA<:Jan. I. .>.. ....>.0« 4t;W-.7Mitm. I. IH
I(MmMl «7jaMM
1*,I4";M7.agft.471
njMUM.
S5S5?;
3.l«I.W>llI "is 7J1
. llW.-iO
l««.-(«741u.ai;l
I>i7.»«uuo it.i«Mjeu<«PJII1 ll.4a9JI74
Ttii pats a different pbaae upon the mailer. There is
a verj heavy increase in the wheat moTemeot, bat the
greater part of it is seen to be at Daloth. That port has
more than doubled its receipts, which are nearly three
million bosbels greater than in the same period of 1885,
•ad it baa 5,241,010 bushels oat of a toul of about 13
millions at the eight poru together. It is significant of
the importance to which Dulath has risen as a market for
wheat that it received more wheat than Chicago, Milwau-
kee, and St. Louis combined, and almost as much as Chi-
cago, St. Louis and Toledo together. Nor is it in Septem.
ber slone that Daluth has earned this distinction. P'or the
period since the 1st of January the Like Superior port
leads all other porU in the amount of wheat received, its
total being 11,899,867 bushels, all spring wheat of course,
while Chicago, which gets both winter and spring wheat,
baa a total of only 8,103,466 bushels. In view of this
prominence that Doluih haa aasumed, it is not surprising
ibat sU the roads having an outlet to that point should
have made larjte gains in earnings. The gain on the Mil.
waokee k St. Paul, however, cannot be attributed to that
drenmsunce, as the St. Paul has no outlet at Lake Supe-
rior. With reference to the roads carrying mineral ore to
Lake Superior, the Milwaukee Lake Shore k Western
again has a very large and a notable increase, but the Mar.
qaette Houghton k Ontonagon haa only about succeeded
jB holding its own. It has been reported that the high
lake rates had checked ahipments.
Of the roads running south and southwest from Chicago,
the Chicago k Alton has recovered only a very small
part of iu very heavy loss of a year ago. The Illiaois
Central has a somewhat heavier increaae, but in general
this class of roads haa only moderate gains, and some of
tbam, like the Chicago k P^astem Illinou and the Evans.
rille k Terre Haute, have small losses. Looking at the
txMds running towards the southwest on the other side of
the Mississippi, the reaulta are more encouraging. P'or in.
stance, the St. Louia k San Francisco, which last year
bad a heavy I «', this year has a still heavier gain. Thenthere is tue Kauiaa City Springfield & Memphis, which
hM over 40 per c- nt increase. The Texas & St. Louis also
doea well contideriog the interrupt oos to traffic caused
by the preparations for the change of gauge. In Texa*the Gulf Colorado & Santa Fe is comparing with Delta
figures than heretofore, and therefore doea not show the
heavy gains formerly recorded. The Fort Worth k DenverCity also has only a moderate increase. But the Houston kTexas Cen'ral for the first three weeks of the month (all that
has yet been leported) exhibits an increase of $78,000, or
over 37 per cent, and the Texas & Pacific has over 20 per
cent increase. Ths reason for these exceptional gains is
doubtless found in the very heavy movement of cotton iu
Texas, the port of Galveston having rece ved 1 12,274 balesj
or nearly on<-:hird the mtire aovemeat at the ports, as
may be seen fro n the following table i i our usual form.
or COTTOIt AT SOtrniER}f POKIS IM SKITEUBKK. AKD VBOMJiLXOAKr 1 TO ^BrrEXBEB 30. 1880, 1885 AJUi 1884.
Pert*
GalTMton balsi
iDiliiooia, a«NawOrleaaiMobil*.
norlda -Savaanali #.....
BniDawick.a* ......
CharlaiMaPort Boral. a«
WllnlnxtonMorahaadCltr. a*..
Norfolk
WwtPolat,ae.....
Total.
.
SrpUmbtr. SlnetJmutaml.
sa«.78& 8S4.«r7 an.
ISM. !(«». ISM.
assMS Ue.488 soe,ssR
8J1S «.e«8
67tUtll) 493.483 «W,08387.1170 63.438 ti4,4es
I«.7S0 S7.338 Sl.063
SO0.A5V S3S.037 9i4.4«a
S.TOi S.OOO 8,700
170.107 13S,Se3 1B3.499
S.OU 4.838 3,0»1
S3.M4 «S,HO0 as.4oe
S.SM 1.7*4 t,480
SIIMR ise,«S4 17«,«0«
10S.4M3 «».0«» «i3S»
i.ia>i.Tr; I.HM.nM 1.40B.««a
This shows ns that the recipts at Galveston were over
31,000 bales greater than in September 1883, and that at
New Orleans there hsa also been a substanial iacrease
but that at nearly every other port there was a consider
able falling off. We may say that the increase at NewOrleans represents exclusively Texas cotton, the arrivals
from oflier points (except by the Louisville New Orleans
k T«xas) recording a decided falling off. The increase on
the Louisville New Orleans k Texas, contemporaneous with
the decrease on the Illinois Central, would seem to indicate
that the former had gained at the expense of the latter, but
the real reason why the Illinois Central carried less cotton
than a year ago is probably that the cotton crop east of the
Mississippi is late tbii year. The New Orleans & Texas road
drains a district of its own, and doubtless gets much cotton
now that formerly went down the Mississippi. Neverthe-
less, the large iacrease of $36,573 (40 per cent) in its
earnings for the month of September is quite remarkable.
Considering this fact of a smaller cotton movement east of
the Mississippi River, Southern roads must be regarded aa
giving a very good account of tbemselvef, though there
are spjsa few of them that fail to reach their totals of
last year. The Louisville k Nashville has quite a
large amount of increase, while the East Tennessee, the
Memphis k Charleston, snd some of the roads in the Cin.
N. 0. k Tex. Pacific system, also have gaior, though
only moderate. But the roaii deserving mention beyond
all others is the Norfolk k Western, which has a gain of
$54,140, or over 22 per cent. Tnls gain would appear
to be due chiefly to the development of the road's coal
and mineral traffic.
One class of roads has not yet been referred to, namely
the trunk lines. Of these, the gain on the New York
Central has already been set out, and we have only to say
that though the increase on that roa'l is not as great as in
July or August, the reason doubtless is that we are com-
paring with better figures a year ago, though we have no
deSoite data on that point. Next in importance to the
Cuntral is the Grand Trunk of Canada, which has an in.
crease of $228,499, cr nearly 18 per cen'. In ratio of
gain perhaps the Cincinnati Washint^too & Baltimore and
the Chicago k A'lanic lead all others, the one having ea
418 THE CHRONICLE. (.Vol. XLIII
increase of over 35 per cent and the other an increase of
over 43 per cent. But the Ohio & Mississippi, the Cin.
Ind. St. Louis & Chicago, and minor roads in the territory
of the Central TrafBo Association, like the IndianaBloomington & Western and the Indianapolis Decatur &Springfield, also make satisfactory exhibits. The Wabashdoes not have so large a gain as before, on account wesuppose of the reduced prominence of the winter wheatmovement. The Alton & Terre Haute is again to bementioned as an exception to the general rule of increase
by the trunk lines.
As regards the exhibit for the first nine months of theyear, it is significant as showing the progress earnings'have made in the more recent months that the table belowcontains only 17 roads(out of 74) whose earnings for the ninemonths fail to reach the totals for the corresponding periodin 1885, and in only one or two cases does the decreaseamount to much, the Burlington Cedar Rapids & Northernand the Southern line of the Illinois Central being about theonly conspicuous instances. As regards the gains, it is
hardly worthwhile pointing them all out where there are somany prominent ones. Let it sufBce to say that the total
increases reach $19,028,846, and the total decrease only$923,189, leaving the net increase $18,105,657, or 9^per cent. Ttie following table gives full particulars.
«R08«1 BARSmOH FROM JANHAKY I TO SBPrEMBER 30.
Name of Road.
BuffaloN. Y. & Phil....Buffalo RooU. & Pitts..*Burl. Cedar Kap. & No.Canadian PacltioCentral IowaCUcaKo & AltonChic. A Eastern Illinois.Chicago Milw. & St. PaulChicago <s Northwest . .
.
Chic.St.P.Minn.A OmahaChicago & West MichCln. Ind. St. L. .t Chic.-Cip. New Orl.& Tex Pac•Alabama Gt. South'u.•New Orleans & No. E.'Vicksburif & MeridianVicksbur^ Sh. & Pac.
Cln. Wash. & Baltimore.Cleve. Akron * ColCol. & CiQ. MidlandCol. Hock. Val. & Tol...Denver & Rio Grande. .
.
•Ues Moines & Ft.DodgeDetroit Lansing & No.'•East Tenn. Va. & Ga...ETansT. & T. HauteFlint & Pere Marquette.Ft. Worth & Denv. City.tGrand Tr. of Cauarta. .
.
Gulf Col. & Santa Fe....•Houst. & Tex. Central
.
DX. Cent. {lii. Dlv.)Do (So. Div.)Do (Iowa Dlv.)...
Indiana. Bloom. A West.Indlauap. Deo.& Spring.'Kan. City Ft. 8. & Gulf.•Kan. City 8p. & Mem..Lake Erie & Western ...Lehigh & HudsonDong Island•liouisv. Evansv. &St.L.liouisvllle * Nashville.
-
loulsT. New Aib.& Chlo.Louisville N. O. & res..•Marq. Houghton fc Out.•Memphis & Charleston.{Mexican Central '..,
Milw. L.Shore <fc Wesfn.Milwaukee A Northern.IfN. Y. Ont.al &H E..tNew Yorg City & .Vo...N.Y. Ontario & West'n..Norfolk A WesternNorthern PacifloOhio* Mis.sissippiOhio SouthernOregon R'y & Nav. Co.
.
Peoria Decatur (fc Ev...KlcnmondA Danville...Va. Mid. UivSo. Car. DivCol. & Greenv. DlvWest. No. Car. Div....
8t. Joseph & Gr'd Isl'd..•St.UA.AT.H.main lineDo do (branches)
8t. Louis <& 8. Fraucisco.St. Paul & Duluth8t. Paul Minn. & Man...'St. L. Ark. A TexasTexas A PacifloWabash St. L. A Pao. .
.
•Wisconsin Central
1886.
1,93^,530877,«2(i
1.9I!»,997,043,821932,703
5,7ia.l7!<1,260,157
17.20J,OO017,911,8684,-t04.30i1,030,730l.!)01,3.iO1,95.1,291793,436400,318330,022294,537
1,449,719394,714232,833
1,701,9214,740,225231,50«892.703
2.820,787563,782
1,597,62228.3,836
12,043,6211,499,0221, 837,-^474,791,9882,6 18,0 91,232,4001,860,123306,927
1,724,1031,034,433940,413l.i6,679
2,343,195608,642
10,065,6391,337,9431,087,145737,63 J
899,52 ;
2,686,4821,685,194457,732
23,620,6 1
1
400,077991,23:'
2.294,0428.775,0412,851.2ie360,944
3,7«7,075589,086
2,866.2211,128,93353),392410.164391.269837,618866,5 -il
527,0863,381.7331,019,3824,955.1941.126,'.!2
3.956.2519,321,4161,027,820
1885. Increase. Decrease.
Total |74 roads) 208,775,823 190,670,166 19028846Net increase 1510^6^7
1,753,008904,73 i
2,0-^1,3925,907.379907.992
5,789.1591,172.905
16,r.46.123l7.1i)l,6V.i4,O60.52«946,143
1,752,8171,829,012725,671440,43rt286.386244,026
1,244,815372,631142,437
1,707,2684,415,52«2.14,663835,933
2,773,954538.673
1,410,641342,959
10,693,7291.100,8601.455.O304,704,05-22,930,3071,171,46a1,714,149^263,514
1,771,9331,039.148877,939128,75;i
2,239,217503.447
10,116,6551,194,26777l,28(604,319879,674
2,650,499961.751409.752
17,6lv),272321,812933,2^7
1.914,5287,802.n852,723.314324,946
3.314.401512,460
2,823,84i1,141,190561,415454,161345.246772,304874,02 K537,320
3,066,176917,139
4,96ii,892735,6H0
3,568,5988,510.8391.016,361
180,572
1,136.44424,711
87,252656,877750,216243,77784,587
148,513126,24967,765
43.63K50,511
204,90422,11390,396
3'2i",696
6.7704683325,109
186,981
27,109141,395
45,680
40,118
5,344
231157
1,314,892398,162382,51787,936
60.932145,97443,413
62,42427.926
113,978105,195
143,676315,87913331119,85335.913
720,44347.9-10
6.001,33978,26558.0ni
349,511972.3U127,8935.998
452.67146.62642,379
S9,C23
312,228
47,83054,715
51,016
46,02365,314
315,557132,243
390,539387,653810,57711.459
12,25726.0 i343,997
7.46510,834
14,698
923,189
' lucm..e» turoe weeks ouiy or September in each year, t I'o Sept. 2 jJ Mexican currency. H Including West Shore In 1886, but not In 1885.
- Our statement of net earnings covers August tnis timeand the results are fully as favorable, if not more so, thanin the case of gross earnings. Ttiere are very few roadsthat have smaller net than a year ago, while there are agood many that have very much heavier totals tha"n then.
The Burlington & Qaincy is perhaps most noteworthy forits improvement, having gained $427,000 or nearly 40 percent. But the Atchison, the Louisville & Nashville, thePennsylvania, the Erie and the Northern Pacific also all
have very large gains, while there is a host of minor roadsthat likewise are distinguished for their very favorablereturns. We have not the space for any extended re-
marks, so we annex without further comment the follow-ing table containing all roads that have yet reported theirfigures for publication.
GROSS AND NET EARNINOS TO LATEST DATBS.
Name of Road.Atigust.
1886. 1885.
Atoh. Top. & S. Fe...Gross.Net...
Baltimore & Poto Gross.Net...
Boston A Lowell Gross.Net...
Buff. N. Y. A Phlla.. Gross.Net...
Burl. Ced. E. A No..Gross.Net...
Cam. A Atlantic Gross.Net
Canadian Paolflc... Gross!Net...
Cape F'rAYadkl a V.Gross
.
Net...Chesap. A Ohio Gross.
Net...EUz. Lex. & B. 8.. .Gross.
Net...Ches. Ohio A S. W... Gross.
Net...Chicago Burl. A Q... Gross.
Net...Clevel'd A Canton. .Gross.
Net...Denver A Rio Gr. W.Gross.
Net...Des Moines A Ft. D.. Gross.
Net...F't W'th A Den. Clty.Gross.
Net...Grand Rapids A Ind.Gross.
Net...Houst. A Tex. Cent. .Gross.
Net .-
Louisyllle ANashv..GrossNet..
Loulsv. N. O. A Tex. GrossNet...
Memphis A Char! GrossNet.
I Mexican Central.. .GrossNet..
Milw. L. Sh. A W Gross.Net. .
.
Minn. A Northwest. .Gro:;sNet...
Nash. Chat. A St. L.. Gross.Net...
•N. Y. L. E. A W....Gross.Net...
N. Y. A New Eng Gross.Net
N. Y. Susq. A Weit.. Gross."Net...
Norfolk A Western.. GrossNet...
Northern Central.. .Gross.Net...
Northern Paciflo Gross.Net..
Ohio A Mississippi ..Gross.Net...
Oreg. R'y ANav. Co.Gross.Net...
Pennsylvania (nil lines eastof Pittsb. A Erle)..Gro,s8 1,585,390
Net... I,905,'i45Phlladelp'a A Erie ..Gross. 349,52
1
Net... 144,554Phila. A Reading. ...Gross. 2,808,269
Net... 1, 218,5X3P, A E. Coal A Iron .Gross. ' 5i»l,42l
Net... dfl81,541St. Jo. A Gd. Isl'd... Gross. 105,617
Net... 49,121Shenandoah Valley. Gross. 80, i67
Net... 25,357Onion Paeltto. Gross. 2,587,731
Net.. .11,091, 114West Jersey A Br's.. Gross. I 217,918
Net. ..I 113,327
1,341,951706,293113,94148978
473,330111,578257.73474,710
246,43567,594
128,70075,390
92 2.133380,03220,2 1810,886
410,966137,32991,112836,174
147,3995j,9(>7
2,748.17.51,529.24
35,22911,759
10n,42e;30,38428,851fi.6in
.^7.59915,726
201.43978,250
246,72882,560
1,200,567505,341)118,40430.552
119,37546,183
270,(19174,870
251,45097,05945,80418,703
221.48799,6 >7
2,051,695573,o9
1
379,544157, <9094,84639,040
287,407122,H1950.',O2T198,731
1,226,358658,9 53378,100143,312460,(181205,585
1,243,909635,587102,85140,041
423,10898,77»
228,84962,774
225.82453,249
120,55979,66-
823.42 7
372,53217,1529,693
299,198107.70062,93228,833
' 13rt,72S53,630
2,224,3011,102.281
23,4(46,589
91,31320,93127,787,975
43,«4-18,061
178,51666.658
240,4rt754.293
1,077,48740.),45279,63-14,646
95.H2431,944
260,535125,388134,22145,8a9
Jan. 1 io Aug. 31.
1886.
9,586,4294,30-',820856,566332,487
182,11b75,221
1,737,458503.604327,218153,731101,34347,964
250,196104,913451,370180,484971.289506,7 8331,113135.7284 13,4.58217,460
3,956,30 i
1,649,012276,701102,827
2,940,7501.413,9931,417,888
22.40-89,67230,01-69,8.013.157
2,320,6211,020,9382l2,ii3H11^,626
1,704,080334,870
1,721,8033?1,606410,958116.87'J
6 080,8232,131, 86-<139,6656'*.<'4n
2,"36,293776, UK5-11,319197.41*
1,025,086347.859
16,6 2,2757,542,332228,64062,830
656,707194,250203,76030,941
242,63690,1.59
1,294,63943n,6o9
1,538.30196.764
8,790,2093,340, 1 It)
960,545181,600809,844202,532
2,3-9,892733,730
1,442,663612,02;
1885.
9,6.o2,9614,285,590-862,200329,611
1,520,545609,577
14,494,1113,982,3782,517, 192861,4U9696,4752vJ0,«16
1,"93 076782,130
3,533,88;!1,219,8687,313,6413,3H3,72-i2,4 14,252678,233
3,213,2751,307,083
32,192,23111.155. ;972,:i40.7 8966,617
1^,992.2 i,".
7,598,4149,229,iiti0
dl .53 8,2 5 .
733,323320,19448 1114 1 .31 .
16,557,1125,215,811943,415362,497
1,519,610339,417
1,864.123479,729-412,835121,918
5,083 85)21,932,.-)19129,02056,640'
2.145,828566.522436.990147,973970,112428S.084
16,410,1066, 152,9031911,30533,669
616,451l:<8.69022ii,39553,035
303,282129,481
1,215.326331,121
1,234.161•'>0,093
8,969,6773,402,566681.23951,762
790,96497,846
2,411,7041,038,073816 146236,733
1,375,001555,421
11.957,3272,543,5952.137,130701,866698,1653 17.388
1,697,702621,176
3,460 8641,334,7226,577,730
-2,976,9322,354,528605,065
2,736.8441,083,138
28,961,0049,328.9202,- '2 2.8 47715.366
18,';92,8067, 27., 1989,418.040
(U. 149.994658,8501 H",857435,812
def. 1.40015,774,4885.292,9.548 12,939355,880
• InoUidin? •i8 per cent of e^rniusts and entire worlcing expenses oftheXew ym-k Pauuiylvania A Ohio Railroad. 1 Mexicm eurrouoy.
Name of Road.
Oreg. R'y A Nav. Co. Gross.Net...
September.
18SG. 1885.
553,800 577,560307.000 310,634
Jan. 1 to Sept. 30.
1886. 1885.
3,7ii7,075 3 314,4041,614.083 1,393,772
Name of Road.
Cairo Vlncennes AC. Gross.Net...
Chlo. A East. I118..G oss.Vet
Cln. Ind. St. L. & 0.. Gross!Net...
Clev. Col.Cin. A Ind.Gross.Net. .
.
Dayton & Ironton ..Gniss.Vet.
July.
1886.
70,5073'2,09141,25066,721
213,63185,485
348,131126,41217,8149,70 1
1885.
38,1244,118
114.05543,350
177,08:6 ••,673
287,93162,79215,2811-^.7<'6
Jan. 1 to July 31,
1886.
351,12685,186
1,416,199542,731
2,167,359703,3721 1,176
<\et. -.>'•
1885.
1,326,711447.327
1,930,90238b,447
OCTOBKB 9, 1886.] THE CHRONICLE. 419
VAtn or Bo4D.July.
1
Jan.! to July ai.
isea 1885. 1886. 18i5.
B « S eQnuid Tr. ofCan'ds.Oroas. 30S,«O4 256,116 1.862,M% 1,67»,973
Nm... M.t3n 58,(76 S53,46J 391,596cue. A Orand Tr..OroM. 55,489! 42,087
Net... 14,133 5,7.17
DM. Or. H. * M...OroM. 22,43.% 18,«30Met... S.TbO 5.404
* 9 • 8Loolar. IC A.AC...GrM«. 17i*.117 145.397 964.727 875,'2.!0
Ket... -i.T^O, 46,-5"<
MataM Oentrml Urwa. 27.\222' 25H.3:*8 1,838,480 1.5.52.11 r.Met... I"i0.l55 106.531 6t)3,2.'S6 555.-2 <
OngOB Bbort Une.OroM. ig>4,133 1?6,365I H*^'}S7 95.'.7S-*
Net .. go.'.n*' sn.14,1 nii.mi 27';,::--:
FaadaDM. * ET....araa8. "-:
Met. .
.
3-eoaora. Qroee. 1-
Met... def. 2,Lio, T.usl Ji:>,i3j 3s,'jaiBootbarn Padflo Co.—OalT. Bar. *&A.Groaa. 236,.%76 231.163 1,469,915 1,614.823
Nat.. e».45» 84.772 158,109 663,699O. W. Tex. * l>ae..OroH. 3,-i80 9,0»3 2rt.600
Met... def. 1.026 3,04 <tof. 7.75«LoaWaoa Wcafn. .Oroea. 56,>i02 42.5«0 357,2t>7 330.S7S
Net... 83.07I* 19,943 . 177,097 1«8.537MonaD'a La. AT.Oraea. 974.113 250,«lf 2.333 39.5 2.093.413
Net... 50.»I0 Al,0»3 499.S70 671,833V.T.Tez.*liaK..Uraa*. 13,410 34.000 78341
Net... 1.70A f>,ioa d«f. 8.961Tnua A HawOrL-OroM. 97.431 SS.4M 548.H81 532.7*3
Met...,
M.7ua 87.161 23.'.'<39 221,'»«lTot. Atl. vaUBi...Oraai 1 egi.Bi:. 817.7(10 1 4,703,'<7a 4.ti7.^,6^8
Met. 1.05OJ7J 1.746.936Fadfle ajrataqi.. .Groa- l».771.i»»« 11,8H8.415
Net e,J4A,e27 6,157,U7TMalofaU OroM i.7
.
i7.4-5.5e: 16,564.102Nft .. 1,2:: 7,3n«3iM 7,904.U64
Totodo A Ohio Cent. .aroM i;,
42l*0-!Net... 2I.U>i;. drX i.xU.1.1 I20.-.M<(1
t Mexieaa ewieae]r.
THB BULGARIAN CRISIS.
There woald be omething ezoeedingly farcical in the
pftrt which Ranift, in the peraon of her Envoy Extraor-
dinary, is now playing in Balgaria, if the iasuea involved
were lew serioua and if the probable recolti conld be con-
templated without alarm. A more lorry figure than that
which General Kaulban has been cutting upon Bulgarian
oil and among the Bulgarian people it is, indeed, difficult
to imagine. If the object of the whole affair was not so
conspicuously plain, Russia would simply be laughed at.
As it is, she baa brought down upon her head the wrath-
ful indignation of all right-thinking and liberty loving
people.
How the situation is likely to shape itself and what is
to be the result, it is not easy at present to forecast.
Tbera is a probability that Russia may recall Kaulbars
and disavow all sympathy with his conduct. The difficulty
in the way of such a course is that it would imply the
hnmiliation of the great Northern Power. All the
world is convinced that he was sent to Bulgaria for
a special purpose ; that he has been acting with
the consent and approval of his Imperial master,
and that he has failed in his mission because the
situation in BnlKsria was completely misjudged. The dis-
avowal by the Imperial Oovemment of all sympathy with
the course pursued would not deceive any one; and to
pnblic humiliation would thus be added publio contempt.
There is the possibility—for it seems to be Ksulbars' desire
—that he or some of those who have acted as bis tools may
suffer violence; and if we are to judge from the instruc-
tions which he carried to Sofia in regard to the impris-
oned insurrectionists, we can have no difficulty in arriving
at a conclusion as to the course which in such a caso Hus-
sia would adopt. Bulgaria would be occupied by Uussian
troops; and the great Powers would be compelled to decide
whether such occupation was or was not a cause of war.
The ontlook is rendered all the more uncerUm because
of tlie peculiar an^l unpronounced attitude of the greater
aamber of the powers. For a time it did seem as if there
was an uoderatandiDg on the part of the three Em-
perors, and as if Germany and Austria, in consideration
of certain gains, bad agreed to allow Russia to take her
liberty id the settlement of the Eastern question. This
opinion received its death-blow at the hands of the Hun-
garian Diet; and we are no longer permitted to doubt
that whatever may be the relations between Germanyand Russia, Austria has not yet become a consenting
pMtrty to any plan which contemplates the Russianizing of
Bulgaria or the immediate partition of the territories
of Southeastern Europe. Hungarian opinion has been
emphatically pronounced, and so long as Hungary con-
tinues in its present mood, it will be impossible
for the Vienna authorities to connive at any plan
which would increase the power of Russia
south of the Danube. What Bismarck thinks
of the matter has not yet been made kno«n. Someof the Berlin papers have had their fling at the Hungarians,
reminding them that Hungarian interests and Germaninterests are not necessarily identical, and conveying the
rebuke that they are too much in the habit of looking at
Anstrian interests from a Hungarian standpoint. But wohave no reason to believe that they spoke with authority,
and in the absence of all direct evidence to the contrary,
there is a strong presumption that Bismarck is not in
favor of any undue aggrandizement of Russia in Europe.
Much, however, depends upon his opinion. He can pre-
vent war or he can permit it. On him more than upon
any other depends the question whether Russia shall oc
shall not set her foot upon the Berlin treaty and seek
again by force to establish her authority over the Balkan
provinces. Great Britain, of course, will have much to
say, and if Russia shall prove persistent in her determi-
nation an Anglo- Austrian alliance may be confidently
counted upon as among the possibilities.
There is an evident anxiety in England to know Prince
Bismarck's mind. The rumor that Lord Randolph
Churchill is in Berlin is in all likelihood -well founded;
and if so we are not permitted to doubt that the visit of
the Chancellor of the Exchequer has a relation to the
present peculiar condition of affairs in the East. There is %
possibility that Bismarck may say that the difficulty is not
one which directly concerns Germany, and that if Austria
and Russia should go to war, he will stand aloof, on con-
dition that France stands aloof. If France should agree
to play a neutral part, Italy would be likely to follow her
example. In such a case it does not seem possible that
Great Britain can be a mere onlooker. Her ships, in
the event of war breaking out, would take immediate
possession of the Dardanelles, and carry the warinto the Black Sda. It would thus be Russia
against Austria, Turkey and England ; and however it
might result, it could not fail to be disastrous in the
extreme. If Bismarck shall decide to abide hy the
trestj til Berlin he can prevent war by simply makingbis purpose known. Daring and unscrupulous as Rassia
has shown herself to be, she will not venture to go to warif Germany adds her weight to that of England andAustria.
It will be well, if Russia, seeing that Bulgaria is not
disposed peaceably to accept her rule, shall respect the
rights of a free people as well as the voice of the civilized
world, and retire from an undignified position.
COTTON CONSUMPTION AND OVERLANDMOVEMENT FOR SEPTEMBER.
We present our readers today the usual statements of
overland movement, receipU, exports, spinners' takings,
&c., for the firat month of the new cotton crop season
For purposes of comparison, the figures for September of
the two previous years are given.
OVERLAND MOVEMBNT DURINO SEI'TEMBBB.
The grot» shipments by rail during the month were of
satisfactory volume, and especially so in view of the fact
that the crop is a late one. While the movement for
September falls 3,184 bales behind the figures for tho
420 THE CHRONICLE. fVoi^ XL I II.
month of 1885, it is in excess of the similar period in
either 1884 or 1883. Of the shipments this year almost
one-half were from St. Loui.", and one-Sfth over the
Illinois Central Railroad, the two combined covering over
two-thirds of the aggregate movement, against less than
one-half last year. The other roada generally exhibit
losses from 1885. In the net movement the decline from
a year ago is a little greater than in the gross, bat the
gain in comparison with 1884 is very pronounced. The
details of the whole movement for September for the
three years are as follows.
OVERLJIND DlrRING SGrTEMBBR.
imount Shipped—From St. Louis
OTer Illinois Central
Over Cairo & VlncennesOver the Mississippi River, above St. L.
Over Evansville .fe Terre HauteOver JeffersonvlUe Mad. & Indianapolis
Ovei' Ohio <& Mississippi Brancli
Over Louisville Cincinnati & Lexington
Eeoelpts at Cincinnati by Oliio Elver..
.
Receipts at Cincinnati by Cln. Soutli'ru
Over other routes
.Shipped to mills, not included above...
Total gross overlandDiduct—
Receipts overland at N. Y., Boston,&o.
Shipments between (or South from)
Western interior townsDeduct also Shipments inland and Tak-
ings for S'tulhern Consumptionfrom the following Southern ports—
Galveston
New Orleans
MobOeSavannah
,
Charleston
North Carolina ports
Virginia ports
Total to be deducted
Leavlnc total net overland*
1886.
11,«63
5,165
1,375
1,181
1,196
269
1191,05S
1,598509
25,121!
2,468
1,182
850596
4926
316
1885.
8,492
S.^ll
1,996
3,593
2,366
1,8 -.7
35209
1,331
1,606
1,255
326
.1
28,SOti
1,365
1,101
11
376l,34f
7546387
569
1SS4
2,9 !0
2,721
9,374
lo83,957
3!8786
1,517
7
453975208
5.4S7
19.(>35
5,3U6
22.910
23,414
6,319
534
4s92,397
8240191
704
11,0 i3
12.3'n
* Tills total liiclufles shipments to Canada by nil, wUicli are thHmonth 1,704 balcj, in 1835 were 1,560 bales and iri 1381 were 1,610bales.
RECEIPTS, EXPORTS AND SPINNERS' T.\KING3.
A careful perusal of the table below seems to indicate
that the decrease in the aggregate receipts at the outports
this year is mainly due to the backwardness of the crop
in the Atlantic Slates. For while gulf ports like Galves-
ton and New Orleans record material gains. Savannah,
Charleston and Norfolk, and Wilmington, exhibit equally
decided losses. The net result is a falling oS from 1885
of 26,4.39 bales. In comparison with 1884 there is an
excess of 13,758 bales. The exports to foreign portg
have been very free during the month, exceeding those
for the same month of either of the three preceding
years. Our usual statement of receipts, exports andstocks is as follows.
Movement from lieceipta lieceipta EXPORTS SINCg SEPT. 1. 188U, TO—Stpt. 1. 1880, to Stocks
Oet. 1. 188a. s'epl. 1, >-ept. 1, GreatFrnnee. Conti- ntaU Oct. 1.
188B. 1885. Britain" nent,
Galveston 112,274 80,901 4,793 5,450 10,243 59,714Indianola, &c.. 781
New Orleans. . .
.
68,224 Si,45» 15,402 11.640 201 27,336 40,244Mobile 12,W09
2,7744,5i4
Florida 1.518
Savannah 95.955 114,778 11,806 9,650 21,506 47,42aBrunswick, ic 1.100 739
Charleston 45.454 63,000 8,650 S,6W 33,795Port Royal,&o. 314 739 282
WUmlnfirton 10,400 12,820 .
10,103Moreh'd C, i,c. 84 85
Norfolk 13 935 23,478
17,7988.517
We«tPomt,4c. 1,5jl
New York hOI 86 61,194 6,804 9,593 78.591 85,257Boston 201 491 4.H38 37B 6,304 6,soaBaltimore 60i 217 S,63» 3,634 .f,6llPhlladelptal8,&c. gU3 641 J,265
19,8 i2
».'.«5i;
l-s.siu
1.265
149,5.-9
112,3i»
1 <n,K't
8,502
Total 18S6 369.203 106,8ia 22, 94 307,515
TotallSSS .')85,642 77,253 6.124 239,122
Total 1884 31-..4 5 100.724 45- 9^t,niq• Oreat Brttati! «xi>ort« lauludeta tha Chi nnnl.
Using the facts disclosed by the foregoing statements,
we shall find that the portion of the crop which has reached
a market through the outports and overland, and the
Southern consumption since September 1, this year and
the two previous years, is as follows.
Receipts at the ports to Out. 1 bales.Net shipments overland duriUK same time
Total receipts bales.Southern consumption since September 1.
1886. 18S5.
19.o35t335.61222,910
378,«33|32,000
4ii8,.')5-.i
29,000
Total to Oct. 1 bales. 410.833 437,55,i
1884.
345.44.'i
12.391
3.^7,83028,000
385,836
149,529203- 119,321
1,704
The amount of cotton marketed during September, 188G,
is thus seen to be 26,714 bales less than in 1885 and
25,002 bales more than in 1834. To determine the portion
which has gone into the hands of Northern spinners during
the same period, we have prepared the following.
Total receipts in September, as above bales. 410,3383took on hand oommenoemeut of year (Sept. 1, 1886)—At Northern ports 132,832At Southern ports 41,03i —173.7J8At Northern interior markets 4,293— 173,023
Total supply during Sept., 1886 538,861Of this supply there has been exported
to foreign ports during Sei)t., '86...
Less foreign cotton included
Sent to Canada direct from WestBurnt North and South*
Stock on hand end of mouth (Oct. 1, 1886)—AtNorthern ports 102,870At Southern ports 204,645— 307,515At Northern interior markets 4,481— 403,021
Total talrtngs by spinners in September, 1886 125 813Taken by Soatliern gpmners 32,030
Taken by Northern spinners In September, IS'R 93,' 43Taken by Northern spinners in September, 1835 135,871
Decreasa in takings by Northern spinners this year 42,023
The above indicates that Northern spinners had during
September taken 93,843 bales, a decrease from the corre-
sponding period of 1885 of 42,023 bales and an increase
over the same month of 1884 of 7,250 bales.
AMOUNT OF CROP NOW IN SIGHT.
In the foregoing we have the number of bales which
has already been marketed this year and the two previous
seasons. An a'Iditional fact of interest is the total of the
crop which was in sight on October 1, compared with
previous years. AVe reach that point by adding to the
above the stock remaioing at that date at the interior
town?, less stock held by them at the br-ginning of the
season. In this manner we find the result for three years
on Oet. I to be as follows.
1886. 1885. 1831,
Total marketed, as above— bales.Interior stocks in excess of Sept. 1
41(),83«24,Oi.O
43-,5o243.000
385,8362S,0U0
Total In sight hales. 43i,8M» 4''5,.5i2 413.836
This indicates that the movement during September of
the present year is 50,714 bales less than in 1885 and
21,002 bales greater than in 1884.
WEIGHT OF BALES.
To furnish a more exact measure of the receipts up
to Oct. 1, we give below our usual table of the
weight of bales. We give for comparison the figures for
the same time in the two previous seasons.
1Satne Same
Month of September, 1886. peri'd in
1885.
peri'd in
1884.
Number of Weight in AverageJ
Aceragi Average
Bales. Pounds. Weight. Weight. Weight.
Texas • 112,271 59,236,835 52 7-61 527-52 518-16
Louisiana 66,224 32,251,088 487-OJ 13500 48300Alabama 7,393 4,027,980 31000 5i500 50000tfeorgia* 93,tfCl 4S,511,69i 49200 500-25 487-25
3outh Oaroaiia. 45,768 22,426.320 49000 436-00 48200Virginia 15,536 7,534.960 485-00 43500 43303.Vorth Carolina. 10,431 5,018,754 181-01) 43300 47800renneasee, <lco.. 54,103 27,230.058 503-67 493-88
i9>t-14
475-00
Total 410,338 200.257,737 50'^-^l4 49()'28
* Including Florida.
OCTOBXR 9, 1884.J THE CHRONICLE. 421
It will be noticed that the movement during September
hows an increase in the average weight as compared with
the same month of last year, the average this year
being 502 04 lb?, per bale, against 499-34 lbs. per bale in
September, 1885, and 490-28 Ibe. in September, 1884.
THE COTTON OOODS TRADE IS SEPTElfBER.
Tue market for staple cotton goods opened qaiet bat
there was a steady improvement in the demand as the
month advanced, and large aggregate sales of plain and
colored cottons were made by the commission houses-
There «as a heivy business in printing clothe, accompanied
by * sharp advance in prices, and many makes of brown,
bleached and colored cottons were marked up towards the
end of the month, the market closing very firm with a
troog upward tendency. Owing to ttrilet and "lock
oats' in the tarly part of the year, and because of a much
better demand for consumption, stocks of staple cotton
goods resting between consumers and the mills are smaller
than since 1879, some descriptions being aotoally scA-ee.
1..
s..•..4..»..«..»..•..t..
10.."..M..IS..
it:I*..17..
»::M..St..ss..ss..s«.s».se.S7.
S:
18M.
OHfn Priml- W^Hl,
wtU- etelL.dHHif. tit.n>* ant.
s% 3J8 0\8% Jii «-\
<-H UK b\6% 3 .8 «>\
.8...8"|. J J' •\«'». 3-38 c\H>»,. J-J9 tHe". 3 3S 6Hb», iM «*»l».. 3-48 »«
1689.
OMTm frtHiin
rrf. dung.cio4kt.
\»iaHi-
*1*jC*
»><l» 333Wis,t; i-.ts
V\ S-V3»\ »-SI
9S
8i»|.'
334S-3»..a...
3 H
»l
"l^ J-.1-
, . ..«»..3-«83-3<3-44
!• 3-ao
"6ii
8H
3-il3-;ll
»>> ,. 3 t»8-ivS183-13
mnt. aUng <AMA
*\ 3-3us 3-ti^t\ 3-ia
...s..
9S 3-11*\ i-vit
»H 309»\ 3-v*«\ k-0<OH 3-V*
..M.B% 3U«t*\ 3-U9V% SM
1881.
lUt„10>alu>s
IV >t
lu%
lu>tI0>«1U%
ioit'
1010
to
10r»,
9%»H
j-2:3i7
S'^s
..£...
3-^03-^83-^S3 283-ia8...
3 273-.<7
3'i73'J-3273-io8.
3-2S3-«33 2ja-2.32i.. »..
3 1981J
ShttI
arri.
''*
7»t
7>«
7««7««7>«7'*T"*7'«
Vvi'
7V,7",7>*1>*
7«i'-'4
7>«7'47<4
7'«
7H
lb* aboT* |nl«r« u*—Kur eotius. low T'i«i»i|int upland at New Yorkfor prlallac «lo(ba, iMaufafltaren' piieca: (or ahMUnsa, B4(enu' prlcca:
wlikh an iolitwt ui an vrmta dueooni of 5 per oanl.
T/fE DEBTSTATSiH-.NT FOR SEPTEMBER, 1886
The foUowuDK is the official statemwit of the pabUo debt as
it appean from the books and TrsMima's ratorna at the close
of bnrtnsw Sept. M, 18M, aooonUng to the new form adoptedApril 1, 188J.
IHTRRCST-BCARINO DBBT.
IPJSiJUOH)l.itt.iBC
SIS.80S,30I>
4ll.Ur7.7M
Ui.lSI400
IMol.
Int. Dim
tUkl«l.30O
Tar.Tadinu
l«(
UfitOJMl•64.Mi.SIS
MI.TSJ.MH' l.imu.4ll
t
»ta..3l»
1,000.114
S7.8S4
110.000
S7,73U
AeenudInterat.
t07J.MIW37J00
7.377.IW9
1.8M106.000
m o*4ioa.'Q.-r.
4M la>l. g.-M.•i 1907.' Q.-J.«»f»M« omtM.' Q.-J.ftl»«*t«a ...lj.aj.pa«ta* BKt...! j.aj.
•l,»U.'»>Pm»lur • r I. Iwi): ai.rWl.iinO Jan. I. IHVO;HMMuorn. 1. lawi; ».i.;i.:.v>.i ju. i. iwuaMjMt.HMJw.l. l'Mi;«it.o»t,a«u). I. IHW.
DBBT O.t WIIIOII I.XrKRmT HAS CSASBO SI.NOM MATOIllTr.A«Wi»»m« of 4aM oq viiieh int«mi li« mu*! alna* maMfltf U Id.aji,739;
iM iriit «•• aad aapald ia«rw<a. (10I»1.
DSBT BKARI.'VO NO LTrHRnT.
ti.wi;.3«a
^nwunf.
IS7.316
34(1,081,010
OmiAmiM (Tf 4*rT«H . . i . . 7330,000L«« MDOTint iMid ta TrMMTvr*! cMk
OoM0irr1lttail«it
180.000- 7. .-05,000
1S3346.-*^40JM43W— »l,a0l,8O7
iSvarcarUMMUs tl7.t)lS.10«
t«,SeO.MI0- «S,S87.1M
15aw.lKM
«34I.4;«,0M
RBCAPITnLATlON.
Prinetpai.
ljit«nMt*bearliiK debt—
4H»
Refaodinc certiacatee, 4<.
.
Knrj PeasluD fund. 3s
Psdfio RK. boode, p. ct. .
.
Debt on which Int. has ceased
Debt beftrlns ao interest-
Legal tender notes, &cOertlSoates of deposit.
Gold eertlBcatea
StlTer oertlflcates
Fractional currency
Total debt
.
290,000,000
737,7M.80011S,I«4.300
180.800
14,009,000
M,8»,5U-I,1S1,7S7J12«,IM6.7S}
348^738,381
7,706,000
8t.Wl.S07
80,387,112
«.86S,708- 841,470.012
11.936.811 1,193.
201,081
,694,123
.i9y.7i)a
l,T!».«3i.05M
541,47»,0'.^
I'j.ta?.^' 1.742.a«9.9S^
Leas cash Items arallable for rednetlon of the debt. ...Stoe.UiM.OtS
Leas reeerre held for redemption of a. 8. notes 100,000,000 $906,084,048
Total debt, less arallable cash Items
Net cash In the Treasury
Debt, less cash In the Troasnr;, 0.:t. 1, 1888.
Debt. lass cash In the -I're.tsarT, Se^t. 1, 1886
of debt durlns the month
1,433,445.888
87,«V0.aSL
i,ae7.54«,sa7
1.378.174,880
10.I\«7.0I.S
UNITED STATES TREASURY STATE.)fEyr.
The following Matement for September, from the otBce of the
Treasurer, has been issued. It is baaed upoa the actual
returns from Assistant Traaaorera, depositaries and superin-
tendents of mints and assay offices, and shows the condition of
the United States Treasury September 80; we give the figure*
for August 31 for comparison:
OoiJ>-C«ta..Bolllon ....
Total (Old {Atmt)
Certiacates issued . .
.
CertlScates on hand.
CertlSc's. net.(LiaMUy)Net (Old In treasnry
8iLTKit-UuUara.staod'rd
BulUun
Total sUrer (iljsrU
CertlScatee lasoed...
CetiSeateaon hand.
Cofttaa'a. net.(L<iiMIU«)
Net surer In treas'yestates notes ...<4jh<iOituflcates Issued. .
CerUOcatas on hand.
CertlSc's. net.(I.laMUv)Nat U.-JMtee In tresa.
^'atlonal Bank niKes. ..
UapuaUs la Nat. Banks
Balueea... .(AaaM)PITBUC UaBT A.tO I»T.-Inlmast <iue. oi<paid. . .
.
Acerued Inle estMatured iifbiInter-t t>n matured d^i>i
Debt bearing mt Inter'niInt. on PiM). HH. bunds
_,.JM^bel<l.PBa.Bll.b'ds
DStBtaodLit .(LtaMIUit)KnMtl en''cr nKleemedU. STb'Hids a lnt.rad'd.Inuch'cas a coupons p'd
Debt and lnter'st.(.4ss<t)U'Maint.n«(L4dMM<v)
Raa're fur red. U.S. n(»tea.Pnod held fur red.'nip. ufmites u( Nat. Banks
—
Fund held f>ir redemp. ofNat. fiiiM bank notes...
Firs p. c rnd ff ir redemp.uf >at. Bank notes
Redemp.reaV.CLtaMlUvlNat. Bank nrvtes In pro.cess of redemp. ..<Jss«tjNet res'rr«<i.(L<aMltt«]
Post iMSoe devt acounnt.I>lsbur»'it ofBc.*rs'bal'ce>.Undlstnb'd aas'Uuf tall'd
.Satlv'nul hunksCurrKiicr nnd minor coinredemption acoi>UDt
Fractional sltrer cum re*demptlon account
Redemption A exchangeoctont
Treasurer-s trannrrrb'kiiand drafts uuutandln«.
Treasurer U. -^..avent forpe71n4tlnt.oo D.CoLbds
Total (LtoMIUv)InLon U.Col.bds pd {A$tt)
Net fUabauy)
BaUncpa.d.lnbllilr)
Net bnlanre ...{AaaetlAssets not arallable—Minor rolnSubsidiary sllrereoln..
OSPTBlUnBSO, UBS.
LtaSUMsi.
tsawa,aBa3,ta»,74S
*UC8W,0I8iito,a4«.iit7
40.684,380
B4A1307
181.SSI,jaS
8.738,S»I
I8C,</II0,I>87
r.7,«is.ioi
«»,SSI7,1I8
4l.»ll.0^17.85-^,0001SO,OUO
7,7j5,0OO
IJ8I.708t«,llw,i'l7
D.llt«.7»5aul .(41
3,5.7
•7,740••XJMS
1»,U0.11S8,>17
)181,106
itsirts and
Ii«.«l9,04'
43,&i5,a8H
im,43o,euU8,Se'.i,3<7
48,n^,ife«a
77,608547
187.017,311
S«,88«,87S
sn.sii).o«i1MI..UU
]4,413.It5.<
tM8.«}«,'.ll«
22,71 1,:I3<
82i.«ll
3 031
198.378
2A 178
7,98^.283
848.186
37.l~.in810.030
.A n«* 4.*^
I«,06S,48S
174.eSI,S2(
87.167.078
•330,r73.^M9
«7,»«l»fl.34l
a8,8M.74b
Ai;a08T 31, 1886.
8».Uil,780
lfl.7T4,n47
IX,;^,!**)1.5lU,0UU
11,195,000
I.W2.84I1M.13.t.ii5V
4,77;|.I(<I8
tW>.MU3,U8<
64,4100.11,235
le,3;2.85Ha.ij8i
S!,«:
B7,«7»
100,000,000
80,835.8110
Sti.OW
ii.i4;,i3»
17S,0S1,IjV1
8,lIIK.OIl
IS7.;8S.«88
80,018,037
35,578.6478)a,281
18,48»,«aS-
3*4.99l.rSH
K,715,»
iee,4ss.sw
4^322,788
-3-j%iei.i9r
888.668•7,988.988
422 THE CHRONICLE (Vol. XLIII.
Pl0tietarg s®0mmerctaXIgualisUW^^vobBATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
SXOBAirBJl ATLOlfDON-Sept. 23
On~ Time.
Amsterdam. 3mos.Amstflrdam. Short.Hamburg..
.
3 mos.Berlin "
Frankfort... li
Vienna ««
Tteste «
Antwerp .. .u
St. Petersb'gParte Short.Paris 3 mos.Genoa tt
Madrid «
Cadiz If
liisbon (1
Alexandria
.
«f
Constant'ple '•
Bombay Dem'dCjloutta <«
New York... >...Hong Kong. ---.Bbanghal.... —
Bate.
•20-53
20 5320- .=.3
12-7012-70
12-3^ 912-3^122 »12-3
«20-56©20-56O20-5Tail2-72isa 12-7213
25-4H^»25'5J%22:3|,®225i
25-27 >9a-25-32is-i5-42isa25-17i»25-60 925-65
46149464614 94652^<>52IS8
Is. Sliftd.
Is. 5''led.
sioHAwea OS London.Latest _,^,Date. ""*«
Sept. 23
Sept. 23Sept. 23Sept. 23Sept. 23
Sept' '23Sept. 23Sept. 2a
Short.
Short.
Short.3 mos.Short.
Sepr. 24 tel.trfs.
Sept. 24Sept. 24Sept. 24Sept. 24
60 days3 mos.
Sou.
1210
20-4320-4320-4312-57
25-32>s23ls226t0
Is. 41Bird.Is. 43'.i3d.
4-823s. 2^a.48. 5Vid.
TFrom oar owncorrespondent. I
LoNOON, Saturday, Sept. 35, 1886.
Progress towards returning prosperity is uninterrupted.
Commercially speaking n< thing special has transpired duringthe week, but the tone of advices from the leading centres re"
maios hopeful and the encouraging symptoms are daily com-ing out in bolder relief. The assumption, therefore, that the
close of the year will witness a more distinct improvement in
the position seems to be well grounded. Railway traffic state,
ments are rather better this week than last, and it is a satisfac,
tlon to know that for the first time, for a considerable periods
the receipts on the Northeastern line,which principally serve-
the iron districts, show a slight increase.
Altogether we have no reason to complain of the movementnow going on in the trade of the country. The strength of
foreign competition will keep in check rabid speculation as it
renders the cutting down of profits compulsory, consequently
there will be more probability of business operations being
conducted on a sound basis. The money market seems to be
in a healthy condition and quite capable of fostering the
development of a sound trade, but at the same time the fact
must not be lost sight of that if the inquiry for gold for
America should revive in such force as to necessitate applica-
tions to the Bank of England some monetary disturbance is
quite within the bounds of probability, as our bullion re-
sources are by no means heavy and the margin of unemployedbalances is being quietly reduced. On the other hand anymaterial hardening of money here would attract supplies fromthe Continent.
Politically affairs remain much the same aa they were. Thedifficulties in Eastern Europe are still unsolved and there is
always the danger of the unexpected happening and thus
bringing about greater troubles, but constant discussion on its
merits has robbed the interminable Eastern question of noemail portion of its terrors for the trading community. Theagricultural interests are obtaining rather better prices fqr
their wheat than they succeeded in securing a year ago, but
with crops below the average it does not seem that their posi-
tion has been much improved or that they will be of special
use in stimulating the home trade.
An influential meeting has just been held of the Virginia
bondholders to protest against the continued repudiation of
its debt by that State. There was a unanimous de.-iire shownto continue the agitation until a fair composition of the debt
had been secured. Summed up, the resolutions passed
amounted to the following : That renewed efforts are neces-
sary; that an assessmeht shall be levied on the bonds In order
to procure the necessary funds; that the Riddleberger settle-
ment is unacceptable, but that a reasonable compromise in
view of the resources of Virginia woul J be considered.
On the 34 principal railways of the United Kingdom the
gross receipts from all sources during the first half of the cur-
rent year were £31,565,508, or £441,008 less than for the cor,
responding period of the previous year. Including the balances
brought into the accounts,, the gross revenue was £31,972,060,
or £138,234 less. The general charges were £16,459,678 being
a decrease of £255.931. Debenture and preferred interest, &c.>
absorbed £1,696,091 or £93,853 more than last last year, andthe amount available for distribution amongst the ordinaryshareholders was £4,231,895 or about £330,000 less than last
year. The actual additions to capital during the halt-year were£9,000,984, fully two-thirds of this amount being added toguaranteed and preference stocks. The increase in ordinarystock was £1,128,801 and in debentures and loans £1,619,958'The expenditure on capital account was £4,383,670, bringingthe total expenditure up to £733, 144,040. The Stock ExchangeWeekly Ojjicial Intelligence remarks :
Only one company among the English undertakings, viz , the Southeastern, made an advance on the dividend it distributed for the firsthalf of 1885, giving S^ per cent, aa agnlnst 3 per cent, five com-panies maintained the 8aine rate, viz ; Great Eastern {\ per cent),Great Noi thern (J per cent). Metropolltau (4 per cent). North London(Tij per crui>, and Rhymney(lO percent). The dividend of theTafifVale was reduced 3 « pt-r cent to 11 "i per cent, of the Nnrthe.istern IHpercent to 412 per cent (the lowest distribution which has been madecm Northeastern cimsols since th Ircreaiiiiu) on the Marvport & Car-lisle I per cent to 6^ per cent, on the Midland % p^r cent to 4 per cent
;
while the dividends of the toUo vlng companies w.re reduced Hi percent: Furness, Gr.-at Wecti-rn. London & Noithwestern, London rilbiuy& Southend and North Staffordshire; and those of the following 14 percent: Lancashire & Yorkshire, London Brighton & South Coast andLondon i Southwestern. The rem lining six companies paid no div-idend, viz. ; the <;ambilan. East London, London Chatham & Dover,Manchester 8 Ueffleld & Lincolnshire, Metropolitan IJiatrict and Somer-set &, Dorset. Of the Scotch railways there was a decrease of "s percent in the case of tiie Caiedonlan, and ^ per cent In the case of theGreat Niuth of Scotland while the Glasgow & Southwestern and NorthBritish retained their previous rates of 4 and 2 per cent. Of the largerIrish railways, the Midland Great Western of Ireland Increased its ratefrom 3 to Sifl per cent, the Dublin Wicklow & Wexford and GreatSouthern & VVi stern maintained their rates of 1 per cent and 4 per cent,and thf»Belfast & Northern Couniles and the Great Northern of Irelandreduced their dividends by ^n and ^ per cent respectively.
It will be seen from the foregoing that the first half of thecurrent year was anything but satisfactory to the railwayinterests regarded as a whole, but the prospect for the currenthalf-year is steadily brightening.
One of the financial features of the week has been theexcitement in Spanish securities due to the military outbreakin Madrid. It is currently reported that Stock Exchangegambling has had something to do with the emeute. TheMadrid correspondent of the Times, telegraphing on the subject, remarks :
" Now, the primary causes may be stated at once—the utter desperatlon of the Eepubllcans of violence, to which may be added the usualspeculations for the fall in Spanish funds. Such speculations appear toform an integral part of all these revolutionary fliiscos, if the wordrevolutionary be not a misnomer. To show the connection of the spec-ulations with what has occurred, and to dispose of the ma'ter sum-marily, it may be said that oc Friday last large sales of the funds wereeffeited in M I drid and Barcelona by the usual gamblers In blood andstocks, and the explanation of tnese sales is now patent B tt the effdCt,as on previous occasions, has not fully answered their expect -iltons. asnational values have remained relatively steady, only losing a smallliart of the advance of the last few weeks."
These remarks may seem to be rather overdrawn andimprobable, but there is strong reason to believe they are substantially correct. This is not the first time that the so-called
patriotism of Spanish conspirators has been mainly evoked bythe desire to replenish empty purses. Placed beside such tac-
tics the well-known advice to "Get money honestly if youcan, but get money " seems allowable. It was asserted at the
time that the Carthagena outbreak was tainted by stock gam-bling, and the movements _in the funds conBrmel this view.
Happily neither on that occasion nor on the present did the
leaders tucceed in obtaining anything commensurate with the
risk run, as in each case the fluctuations were c\)mparatively
slight and the resulting depression was far from heavy. It is,
however, a sign of the times, and anything but a healthy one.
The money market has been rather easier. During the
earlier part of the week there were occasional inquiries for
gold for America, but not sufficient to necessitate any recourse
to the Bank. Since then the New York exchange has ad-
vanced to a point sufficiently high to check any efflux at
least during the immediate future. But although moneyjust now is quiet, a gradual hardening of rates seem i fore-
shadowed, Next week the demand will be temporarily ani
mated by the inquiries in connection with the Stock Exchangesettlement, and later on the Scotch Term payments will have
to be considered, besides the disbursements for cotton, which
may yet cause some large amounts of gold to be taken from
us. Trade expansion also has to be allowed for. There ap-
pears to be, therefore, every reason why money should
harden, and there can be no question that the process would
be rather rapid were any sudden appreciable demand to spring
up, as the Bank of England holds less than 33 millions of pri-
vate deposits. But for the moment there is a difference of 1
per cent between the open market and official quotations, so
far as three months' bills are concerned. The week'y Bankof England return does not show any special variation in the
position of the leading establishment. The reserve has gained
£133,430, but as the deposits held are also some £311,000
heavier, the proportiaa of reserve to liability retuains prac-
tically the same aa last week. It is, ia fact, hardly so good,
being 48 48 per cent against 48 52 per cent. Bullion shows an
OCTOBKB 9, 1680.] THE CHRONICLE. 423
increase of £8,180, against an export on balance of £50,000.
The rcserre, which now amounts to £13,750,534, ia about
£1,046,000 lew than last year, and the stock of bullion of
£21,406,304 shows a deficiency of £973,000.
The rates for money have been as follows :
OlHi»M«rtet nut.
Tndt Bait.
Ik«r MaITkrw Fitr Sis
MomtlulllotUJtM JTaatJU MMitktj MsiUJkt
Aot.ta *H*H* -SNtSHMMiN Horn']. Mom'l.: Momt.*- » SH|tHa*N,*N* --.* • - Nom'l. Noa'l.| Nom-L
8w«. • «NWM -^SN* -\m» - a asH sh»im smashM nJtiM -mtm -vitotatt *n«3 's •>!< —H
' M n«tN« -*N* -•«• ->«(*s >3 a»(< •»<- t4 InI«W -'«)«• -ISN» - » *3>t a »S1»SK—
N
IntcrMt oOOiMll
rack
OiM*t HV'It 7 to 14
OatL Dayt.
IX-IS4
«<>!4
The following return shows the position of the Bank of
England, the Bank rate of diaoonnt. the piice of consols, the
pr ce of middling upland cotton and wheat, and the Bankers'
Clearing House return, compared with the ttree previous years:
(Snalatlon. •xeladlnc Td>TotkOTbilta
r»Mi«iiimmM.4M.iaf)
S.I1t>.0M
iaiSI4.74T
it.ioojgM
4r4t».a.
Mll-Md.«U.M.
4 11-1
JM
4JH.44a
I4MSJMA»4B.<MU;7aB.7SI
Xs.i(n.7oa
MW.«*4
ULnB,SI«
ia»«).7Mluaakii
««<».•a^«.
UtS-Md.ata.io>L
ss-isd.
•N4-siiiotMal ami .anal aMsajwa
4M(».e.ap.aJ
Mi. 104.
SS-MIL
ises.
»JS».8M•.lOi.SSS
«6,(»i.510
ia,«KiAii
tl,lS?.«18
I4.i«3.7<3
*4.3aa,Mi»
47MP.«S p.e.
101 S-ISd.
41s. •<!
ON*.9Hd.
aK,4».ooo
Th* Bank rml« of diaoount and open market rstea at the
ehlaf CootinMital oitiea now and for the prerkras three weekahav* been aa foUowa:
«•«. (4. *a(.iT. an*- 10. Ayt. a.
Imurmtm BMkJUt«.
OpmMmkm JM*.
aaas
SNSM44Sa
0»MJlwM
INtit
IMININSM4
w4
1
aaaa
aM•<4
4aa
Mmrlm
INININININSM4
waa
JM«.OpmIteM
asaaawaM44
aa
SM
t
8aa
SM«.4
4
S
8
Itaflla INIHININ«M4
rnnkfial^Haakog
MaaiM
4. f«Ufi»»ia..8»8
Meaara. Pizley ft AbelJ write as foUowa on tlie atate of th
ballioa market:Ooid-Tkc onir wlthdnwaU fma tb« Bank bare been £%n.o«0 Innnr
cratena, Inr IJabnn. The •Irnutod Utr New Tnrlr hM iil.»..rl*'l nil nrrlv»'' -•'-'- Ttpriw! atJ.iMMi from ttw !•>»• " ' • (mllM>> > iirric* itD'l a'>.no.> fnim Aii-
inikrk*! hiM l>««*n sfMsiT •' '-^^ry'If >•• "I!.! il«x ur two, «fui -
.!• I:it'd^riia • hjirr rfii»rkf«t.
^ 'I .
.I<
', .nmi from A ust raJ I*. X' ' *'>ti*l. a.Vk.0.0, Tbe i\ . ». Airsmera U.1VI* ijKfii xi 1 ^.ujo
!•r*—Tito Preneh Oorrmmeat hare acalB cr.mo Into the
- -it«« from China, tlM prlcw Imi Inipruved to<4 the wtek hare been ooiiiipiirtsiit.
MiUioQ are reported aa follows:
OOLD. aiLTBR.Apcaa. *»<.1«. A8<.as
4.
Apt. 16.
•. 4. «. 4. 4.
u(r>M,ail«.. O*. 77 a n 8 BwiilT«r o«. 41M 44
Bar (llT«r.«ont>tD-8e4«t«.«mr.(H. TI 18 77 10 las 8 en. old.m. 44M «4«
timm. au«MMu—.o«. • • <• OHka atlnr ...o*. 47N 47 7.IS
MMMa 4ala...o«. 43M 4SN
i
Tenders for £1.905,000 Treasury bills will be received at the
Bank of England on the 1st prox. This is merely a repeat
operation , bills to that amount having been issued three
mooths ago at a discount of 19s. 2-8d per cent.
The Royal Bank of Ireland have declared a dividend at the
rate of 11 per cent. The chairman suted that In the first half
of the present year trade aeemed to have reached its dullest
point, bat ia the last few months there were symptoms of im.
prorvement. They bad wiitten off £9,000 in bad debts as
against £8,000 and £5,000 in the preceding two years.
Stnbbs' Weekly OazetU shows that there were 83 failures in
England and Wales dnrinit the week ending September 18th.
fcowlng a decrease of 8. The number to date is 3,4.'i !, or an
I of 319. The numl^ier of bills of sale registere<l in the
I 313, being 1 more than last year. The aggregate to
I U 8,411. an increase of 399.
The wheat trade has remained in a more or less lifeless
condition. A very small business has been done but at thesame time a steaiier tone seems to be asserting itBelf. Themarkets just at present are by no means heavily supplied.
Farmers are not evincing that eagerness to realise whicli hasbeen the characteristic of the opening markets of the newseason for the past year or two. The weather has been favorable
for threshing, but the actuU quantity disposed of in the lead«
ing markets of England and Wales during the first three weeksof the season was only 104,050 qrs. or about 03,300 qrs. leas
than last year. It would be inferred from this that the grain
is in comparatively strong hands, and compulsory realizitiona
are therefore likely to be less frequent. The avei%ge price o(home-grown wheat for the season exceeds that of last year bytenpence per qr. Had it not been for the full average sup>
plies of foreign flour which have come to hand a more distinct
impiovement might have been recorded, as the three weeks*arrivala of foreign wheat into the United Kingdom were 734,-
000 cwts. less than last year. In the case of flour, however,there has been an increase of fully half-a-million cwts.
Naturally this tells upon the value of wheat and renders the
establishment of an advance all the more difficult. It was tha
heavy weight of fl jur thrown on the market during the season
just concluded, that exercised such a depressing effect uponvalues. Just now we have contending influences to consider
Supplies of l>oth wheat and flour here are distinctly lower thanlast year, and the harvest is not up to the standard of 1885,
either in point of quality or condition. On the other hand, the
quantity afloat to ua exceeds that of last year by over 300,000
qrs., and there is a gain of about 5,000,000 bushels in the
American visible supply, but in the best informed quarters tho
opinion seems to be that the market will become stronger, the
movement, however, being very gradual.
The following shows the quantities of wheat, flour andmaiae afloat to the United Kingdom.
Tklt teaek, ,Lattv»tk. LoMtwtar. 1884.Vbeat qn. I,tf7l.u00 1.645.000 1.237,000 l,47u,000noiir,eqiial to qra 182,000 IS-l.OOO 152,000 170,000Ifalae qra. 373.000 319.000 SOUDOO 17.%S00The following shows the imports of cereal produce into the
United Kingdum during the first three weeks of the season,the sales of home-grown produce, the average prices realized,and other items, compared with last season :
mroKTs.18X6. 1885. 1884. 188S.
Vbsat ewt. 3,8.N<),476 4,S42.6»7 4.836.0^2 4,715.560Barley 8.%4.U47 .%39,0.t7 U20.7g2 .KIt.DSSOaU I,ll0,52<i 73«,38S 8il'',236 735,g(l«Peas lOS.tt.'M 1U7,<I24 7»,019 A«.800Baaoa 13-<.A59 328,3S'Z S04.603 258,136bMUanoora 1,867.231 I,420.0'j3 l..'i67,^02 3,097,069nour 1,100.880 51)8,267 911,704 784,057
Sopplies available for consumption (exclusive of stocks onSeptember 1)
:
1886. 1885. 1884. 1883.Imparts of wheat, owt. 3,8.'i8,476 4,5»2.607 4,834,8.52 4,713.560lasportaot loor l.lo<),8'«0 59s,267 »ll.7oi 7>-8.o.'S7
adisaalboisgruwu.. 1,492,463 8.400,2d0 3.193,IU6 2,032.650
Toial 8,451. •lai 7,.^81.2i^ 8,n43.752 8,127,067
The following statement shows the extent of the sales ofbome-grown wheat, barley and oats in the principal marketseA^Bngland and Wales during the lirat three weeks of tlie
wsasnni tSKether with the average prices realized, comparedwith the last two seasons
:
1B8«. 1885. 1884.
BaU,. Pnc€ aaln. ^ KaU*. ^*
'Hieat, qra............ 104,0^07.58H
14,614
: d.32 327 518 7
167,340»6.ii0723.00'*
«. d.31 531 219 9
222.7r.i77,3:iii
2»,Ul2
(. d.34
Barley 12 4o«u.. ....""":: 19 9
Gonyerting quarters of wheat into cwts., the totals for thewhole kingdom are estimated as follows:
1886. 1885. 1884.•b«rt owt. 1.492.465 2.100.289 3.195,196
a«IUh Piaaaol«I TI«rlieta—Per «aoie.The daily dosing quotations for securities, Sus., at London
are reported by cable as follows for the week ending Oct. 8 :
LOHtUm.
Sllvjr, j>eroi ..d..HiLiAom for money.. ....Jonaola for aoooantPr'eb rentealln Parla) (rU.8.,4>aaori891a. 8. 4aof 1907iMOiulUn PnolHo
';iilo. Mil. <k St. Paul....Sne, oomnioD Btook....Uloolt Central'eoiMylvanla°hlUdetphlaA BeadlDkNew Ton Omitral
10<lI3,g
ion,,
iin\I329g7318971836 >•
18i)>a
61H9>s
I117M
424 THE CHRONICLE. [Vol. XUU.
Bonds Held by National Banks.—Tlie foUuwine interest-
ing statement, furnished by the Comptroller of the Currency,
shows the amount of each class of bonds held against national
bank circulation and to secure public moneys in national bank
depositories on Octobsr 1. We gave the statement for Sep-
tember 1 in CaRO.viCLE of September 4, page 26:J, and by refer-
ring to that the changes made during the month can be seen.
Description of Bonds.
38, Act July 12, 1882....
Currency 68
4^ per oenta
4 per cents
Total.
F.S. Bonds Held October 1. 1886. to Seeure-
Pubiie Deposits Bankin Banks. Circulation.
$8,648,900120.000
4,12t,.500
9.147.500
$JO.0J0.H0O
$87.048.45J
3.576,000
66,343, ':00
114,880,S5O
$261,S4>i.<»00
Total Held.
$93,697,3503.636.000
60,46^.100124.02S,350
$281.88C,800
IMFOBTS AND EXPORTS FOB TBCK Wkbk.—The imports of last
week, compared with those of the preceding week, show a
decrease in dry goods and an increase in general merchandise.
The total imports were $149,012, against $7,512,359 the pre-
ceding week and ?9, 285.419 two weeks previous. The exports
for the week ended Ojt. 5 amounted to $6,576,930, against
$6,650,317 last week and |7,60.),143 two weeks previous. Thefollowing are the imports at New York for the week ending
(^or dry goods) Sept. 30 and for the week ending (for general
merchandise) Ojt. 1; also totals siaca tha Deginaiui of tae
fiist week in January:rOKBIda IKPOBTB AT NEW TORK.
for Week. 1883. 1884. 188S. 18S6
Dry CKtodaQen'liuer'dlse..
$1,947,6786.726.202
$2,324,3325,908,980
$1,692,9044,664,086
$2.179 4206,969.592
TotalSinetJan. 1,
DryQoodsGen'lmer'dlBe..
$8,673,880
$97,303,970219,558,878
$8,233,312
$92,017,247334.537.101
$6,350,930
$77,438,953208,847,715
$236,286,673
$9,149,012
$M.037,S3!236,975,487
Total 39 weeks. $346,867,84!- $326.5r%4.351 f323.0l3,319
In our report of the dry goods trade will be found the im-
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for tl.e
week ending Ojt. 5, 18S3, and from Januiry 1, 1336, to date:
aXPOKTS FBOM NBW TOBK rOB THB WBBS.
For the week...Frev. reported..
Total 39 weeks.
1883.
$fi,599.4.'30
2dl,172,780
1884.
$7,110,5^6244,325,575
*267,772.210 $251,131,131
1885
$e,«0i,S91210,031,612
$246,637,;03
I8c6
$6,576,98023v',084,3.7
$236,631,297
St. Loalg.Salem & Little Rock—Ht Ltiils &, San Fran-Cisco.— It is stated lh4t the St. Liuis <t Si. Francisco Rail-way Company have acquired the St. L mis Silcm& LittleU-Jck road, sold last week under foreclosure of mortgage.
—In another column our readers will find an interesting andimportant announcement by the Equitable Life AssuranceSociety. It states that after a careful study of the usage ofinsurance compinies at home and abroid and of its own largeexpe ieace in years past, it has now combined in one form ofpolicy, all the advantages and guarantees which oansafely andproperly be united, and it oSts this to the public under thename of "The Free Tontine Policy." This new policy is de-scribed as indsputable, unrestricted, non- forfeitable, accu-mulative, and pajable without delays as swn as it becomesdue.Tlie public will be glad to hail with satisfaction every step inadvance taken by this company towards making the life in-
surance contract a more simple and desirable one. The an-nouncement will be found in our advertising column.
—Among the cards of trust companies published in ThrChrg.vicle to-day will be found that of the Mercantile Trust& Deposit Co. of Biltimore. Tnisompmy has a paid-upcapitil of |.500,000 and numbers among its directors some ofthe leading bankers and business men of Baltimore. In addi-tion to all ih^. ordinary business of trust companies in theexecution of trusts, management of estates, &c., this companycfiUs special attention to its safe deposit vaults for the keepingof securities and all kinds of valuables. These vaults are said
to be perfect in all their arrangemmts, with the latest appli-
ances for safety and convenience.
—The Invest'gator is the name of anew daily financial
newi-paper, which appeared this week under the editorship of
Mr. Kinahan CornwaJlis. It appeared in good style and form,and with the announcement that it was absolutely independ-ent. Mr. Cornwallis U a newspaper man of long experience,
having been formerly the financial edit jr of the New YorkHerald,
—The business card of Mr. W. J. Meredith appears in the
Chro.sic^e to-day. Mr. Meredith Is a broker of long experi-
ence; he buys and sells stock and bondu at the New YorkStock Exchange, and also makes a specialty of liist-class in-
vestment securities.
—The usual quart -rly dividend of \li per cent on St. PaulMinneapolis & Manitoba stock has beeu declared, payableNov. 1.
Anctlon Sale.'.—The following were sold at auction this
week by Me.ssrs Adrian H. Muller & Son. 13 Pine Street
:
2 .MemUcMliipsln M iritimeAswiciati.iu ".f tlie Portof New York, all duesnald ...$2leacli
1 JlMUliersbii) N. Y. M"talExctiaiiKO. $15 ansess-lucut due $75
The following table shows the exports and imports of specie
at the port of New York for the week ending Oct. 2. andsince Jan. 1, 1886, and for the corresponding petiods id
1885 and 1884:
BXPOST8 AND IHFOBTS OF SPBOIB AT HBW TOBK.
Bold.
Qreat BritainFrancnQermany ..
West ludlesUexlooBooth AmericaAll other oouutrlea.
T»tal 1886Total 1885Total 1884
Silver.eie*t BritainFzanoeGermany.... ,.,. ..
West IndiesUexlooBoQth AmericaU other ooontries.
Total 1886.Total 1885.Total 1884.
Eieports.
Week.
$1,500
57,568
2,5007,000
$C8.56S14.24U5.00O
$99,C00
584
13,634
$113,217335,006284,210
Since Jan.l,
12,494,116ll,57ii.6.id5.471.56Hd.472,033
568.573637,77i>
437,220,7246,423.880
37,918.444
$7,104,571217,87741.650
21s,884
90.885103,051
*7,776,91812,8h8.52310,788,826
imporlt.
Week. Since Jan.l.
J 29 1,99012.-i.4'.0
528,908218,H29
1,5542,842
fl,16i>,5733il.2'.i3180,41"/
4,24135,1483,20 >
$42,58926,89755..^86
$2,124,2102,35,'s,264
5.823.12(11,969,128
34,75530J,554273,839
tl2,°84„^708,r.ol,372
ll,4a0,MO4
30050,3606.861
746.474197.9; 1
343,t»7(i
54.795
$1,400,6711.511.6712,922366
Of the above imports for the week in laslV, f349,5 16 wereAmerican gold coin and $3,365 American silver coin. Ofthe exports during the same time $67,068 were Americangold coin and $5,000 were American silver coin.
United States Sub-Treasnry.—The following table sho-nsthe receipts and payments at the Sub-Treasury in this city, sswell as the balances in the same, for each day of the past week :
Receipts, Payments.BalanJ'-e<i.
Itfile. Coin. Onin Uert'i). Ourreiu-y.
Ooj. 2
" 5•• 6" 7" 8
$1.606,407.2.14 2.35-2.24X.3S62.021.541962.061
1,343,445
4.564,3152.:64.0ii>1.817,5261.9i8.97>5.514.2191,839.758
$126,2.16,238126.2.J'i.747126.0.'.7.150126.0C6.l5u1^5,963.35.',I25.8;i0,213
$4l,6s3.''0n41.637.21042.50 1.6 lU42.ii53,9i038.0i >.2J037,687.300
$26,179.67226.391.0. )320.131.0xil26,010,M192li.191.6S626,143,135
Total .1 10.324.197 17.850.419 1
.V "lores.
25 nome Insurani'.i- Co 1-50
5 Aiuer Ex<>h. Fire Iiin.C i.l02'4
40 Butchers' ..t Drovers' Na-tional Kauk 159ifl
20SeoonrtNar. Bank 260'»S Nioeiccnlli Warl Bank.. 96
300 Cent. Aiiicr. Transit Co.. $74
Unlisted Securities.—Following are latest quotations fromPetroleum Boird and N. Y. Stock Exchange:
Securities.
Amer. Cottm Oil Trust...Am. Bank -Nule OuArafir. Tel. ,ft CibleBauk.ibMeri'h.Tel.. gou.MBOHl. li. A K.—New aUJeKOl.l
Trust atampe I stockBuAt. H.T.dL VVtiuL.—dtk.Delientures .. —
Brooklyu Eiev'd-Btock..I«t luoit2<1 mort
California Piiciflc
Ist mult.. 7mChicago A Cau. Solat uiort
Cout. Court. Imp. CoEeii.A U.O.Con.d.S.lT.eerNew stock, when issued
DttDV. A Kio Kit.v,
F.quit. Oas Co. of N. Y . .
.
Flint & Pero Maiquctte.flelelTeii
QeuifU Pae.—Stock1st Us2il8
Heinlfrson BrMcie—istjckKanawha & Ohiol»ti.re(2*1 i>refBoutis, IstOs . ...
Kf- 'V M»iLoiLittle Rock ,1 Ft. Smilh
Bil. Aik.
V
10 ll"!!
I 93I
39I
!
102 >a' 103739
"218
il2'
18^4
2:!"
01
UIH53
"•iV,18
IS
C84
ii
9'a
"i'23
lis'56lOV
l.'i'a
110I
A5
21 I
6S172 I
Securittee.
Mexican NationalProf1st uion. ... -
SlicU. A Ohio.. 1st molt.M.K.^ r.> I ,.-.., >ir- se.ll*.
New Jersey ,& X. Y.\. Y. ttt Ureeu'ii Lake, 1st2(1 mort
N. Y. City « NonhernN. Y. ji. Uu. Te,.— -M-o. k.."J. Y. W. Sh.& B.—Stock.>fnrt.h. Poc. -Dlv. b.iiidH..
North RiT. Cons.—100 [i.c
Peosacola A Atlantic
—
Pittsburg Jt Woswrii1st mort -
St. Jo. & Grand lal
it. L. Ark A Texas, stuck1st luurt2d mort
St. Liuia Ft. *=. >t Wich..S'.PaulE.iiGr.Tr.,lsttjsI'ul. & O. Coil. com. st.^'ek.
PrefT. 1. A. A. A N. M
lstiiiort..tisr:. s. Klectnc LightCtih Cenlral.—1st, 6s...-Vck-iO.tv Jdenaia^Istmoit2d mortluCMUles ....
West N. Car.—Con. morl..
7>, «>•I3I3 19^41 >a 42^4
30I
20 1
67 I
IHi9ri
•i8
17
23 >»
83
Vs'ia
98 Si
4718
88
2025
371BK>99 '4
47 "a20»1^60
^;xttliittg VLuii l^iaatiictal.
United States Oovernment and other desirable
SECURITIESlOB
INVESTORS.All stocks and bonds listed on the iSew York Bfock Exchange boiifiht
and sold ou cimimiswion for cash.DeiMwIt accounts received and Interest allowed ou mouthly balance*
subject to draft at sieht.
HARVfiy FISK & SONS,28 Nassau Street, New York.
October fl 138«.] THE CHRONICLE. 425
Jhe jankers' Cia^ettc.
DIVIBBIfDS.TIM rollowtnrr dlrldeodK have reeantly t>om annooneed:
Mamt of Oompanw.
Railroad*.Atrli Tnp. Jc Santa Ke (quar.)Coororil ..
nr. Pnul Mini'. A Man. (qnar.)....l'Dtt«d New Je-*-)" li|iiat.J
I nan ranee.North Eiv.r
^' -ticooa*rrm eI'nloD i iiiir.i
PerOmU.
When Bootes Olotta,(I>ay< itulutivt.)
S
2>s
•1S
So-.IVOT.\llov.
!Oot.
Oct. II
JTOT.loot.
Cot.
o'ci.'
12 to Oct.
'i'DtoNov
19
Oct. 3 to Oct. 10
Oct. H to Oft. 10
WALt. MTKKSr. KRinAV. Octabsr»«. IMNH-.I p. n.The Xonrf Xarkrt and Financial Sltaatlftn.—Busiaes.s at
the }^ti>ck IixchnD:;e h'ti) continued so active as to draw atten-
tion from all other matters. TranractioDS have been very largo
in the afrgr«gatc, thoiiirh showing some decrease the last fewdays from the muximum reached in the early part of the week.The main question which openrtors will now ask themselves
b, whether stocks as a rule have advanced as fitr as the present
situation warrants, or whether another 10 or 30 per cent mayreaaonably be pnt on to their prices before the first of J;iDU<ry.
K%A class of stocks, if not each stock, should be consideredseparately, as it is pnlpable that tbe rame influences will notequally bear upon the whole market. Tbe Tniuk lines, theGrangers, the Coalers, the Southwestern stocks, the Pacifies,
Ac, muM all be estimated on their own merits ; and sucha iuecialty as New En^Uod cannot be classed with anythiaj;
elie, bat must be judced by itself, on such information as canbe obtained llirou:;h the detective medium of the newspaperreporti-rs or the Wall Strrt-t agenrie*.
On another pii;r will be found the table of railroad earningsfor the month of September, and although the increase in
KTOsa earning over the same month in 1845 is not quite up to
that for August, the statement ia esceedinf(Iy favorable, andshows an increase of over f8.8C0,000on sevcntv-eight roads.
The open market rate* for call loans during the week onatock and bond collaterals have ranged frcim 3 to 10 per cent,
the usual rale to stock brokers being 0O7 per cent ; to-day theratea were 4^0 per c nt. Prime commercial paper is quotedat {4®8 p*f centTbe Bank of England weekly statement on Thursday showed
ft loaa In specie of £640,000, and the percentaee of reserve to
liabilitlea was ?3 5- 16, against 41 last week; the discount rate
remaioa unchanged at H per cent. The R^nk of Franregained I3,S2S,000 fr«nc8 in gold and lokt 1,450,000 francs in
ailvrr.
Tbe New York Clearing House banks, in their statement of
October 2 showed a decreaae in siirplui reserve of
t8.113,»90, the toul surplua being 93,063,023, against |U,079,-
873 the previous week.Toe fotlowinir table shows the chaoses from the previous
week and a comparison with the two preceding years in the
•Teragca of tbe New York Clearing House banka:
dtopartsCirsalaamiVMdapaalls..LMtBllaMcn.Lacal rcaervrBeaervahaid.
tlUM.rtf(. i.
3IUI-
Dtfhr^Mas/Vn IMS.'M. 3
I«94.Oct. 4.
r.-e.*2.7loor«»3:<n.r>,<- ^Mi.iioi hpt
^^.7(»•.
3y!». lo'
:.1,310 $;»o.i<os,20'i
i>iii
.
<00f,00,
'H»0
-J,. . .aojj
r>A.3 10.000137.839,« '
• iJ.liA.'i.aiAlDea «3.1llt.<>l«ol *4l.4»9.fOO
rt.2 T.oitOis.ha.'.^fo
30-.liW.!KlO30.7tJ7.«Oo
•77,07:. "JS^loe.!«74,0OU
•2ffl.8!»7.e75
Exebaase.—The demand for sterling ezchaof^e continues verylight, the miirlcct l><.'inK dull. Hates have also been quite weakin consequtnre of a more lilxral supply of commercial bills,
drawn priocipslly agiinst cotton. Pusced rate< have been re-
duced one rent during the week and are now quoted at 4 82fend 4 83, the market being firm at the reduction.To-day tbe rates uu actual buiineas were aa follows, viz.
:
Biaken'OOdaTi* st«riing, 4 81^04 82 ; demand, 4 >'4i ?94 84^.
Cabtaa, 4 f4|94 83. Commercial bills were 4 70^S4 79}.
CODtloental bins were: Franca, 3 24{93 23 and 5 2l}ua5 22J;telchmarks. 01i®04( and 03®031: snildera, 80 13-10^39}and 40940^.Tbe fotluwing were the ratea of domeatio eschange on New
York at the undar-mentinned cities to-day: Havannati. miying
i discount, •elliny ( dis'-onnt; Charleston, buying 3 in@^ dis-
OOttnt, selling tmr; N^w Orleans, commercial, 1.50@17.'> dis-
oottnt, bank, 7> ditcount; 6t. Louis, 73 discount; Chicago,70 discount.
The ratna of leading bankers are aa followi :
Oe.o6er 8
fttm»i•''' luKbUiaon London...PilasaoP»)ilfii«'r .'-rolal
ra»U(frin. .i
itstardam (calMers)Fvnaftfurcnr ifM<n-'ri fr«1f«hmi»r1ral
Ma<y nays.
4 824 8'i<4<>4 arn4 7ti:it*4 8'>>4
ft V5 •» 2)1^80l«i«»30''»II4<«.*».<^
Dtmtnd.
i'an
S 22>«*5 3iri40 a40ii«65 SM5>s
Coi ns.—The following are quotations in gold for vanous coiil
;
Sovereigns 94 S3Napoleons 3 81X ± Relelimarks. 4 7.5
X Oollders 3 96^pao'bDoabloons.lS 55Met. Doubloons. .15 55Pine gold bara..Fln« sliver bar*
•$4 87« S 89• 4 80• 4 00• 15 65• 15 65
Paris !« prem96T»» 97\
Silver ^s and 'as. — 9nSi-9 par.Pive francs — ^2 • — ii4
Mexican dollars.. — 7t %» — fruDo ououminero'l.— 75>«»Peruvian sola — TVi^a — 7-) >«Enrllati silver.... 4 80 a 4 86U. S. trade dollars 74 •D. S.sllverdoUars— 9U>a9 llO
DuneaA >• dimes. — 9&>i4 par.
United States Bonds.—Government 1>ond8 have been quiteactive the past week, though piices have not changed much,exoppt f <T the 48, which advanced a little.
The closing prices at the N. Y. Board have been as folicwa :
ntterert\Ptriodt.
4>M, 1091«>98, 18914a, 19074a. 19073s. option U. 8..
da. eur'cy, '95..
Sa.cur'ey, "96.
Sa,ciJr'c7, '97.
,
Sa.eur'rjr. '98..
68. onr'fj-, "1(9..
Oel.a.
Oct.4.
Oet5.
re«.Q.-Mar. •I12«4|nr238euup. (, -Mar.l U2>« 112>>.|'- - ' '.-Jan. • 128*1 I2914'
.-Jkd.\
'.ifI '.2i< I
Fen. I -a'H "100A J. -lan^ •12«'«'4i J. •12<»g*;23»»t'A J I l:<l'«j'13IVi,A J.-13<H-1S4V|"A J.Wl3« I'lSd I'
112S».
1123.!128T,
100HOW128 »8
I3:>>
136 >9
OeLa
Oel.7.
112««II21412912i»
100120una.''ISPbIS4I>B13(1
11S>4112\|12n ,
I287g|100
I
12«i«128 I
isml
136 I
Oct.8.
•iTsH•112^M-.S'b128l)g•100•12«>«158'13i>e184%186
*ma la tbe prioe bid at thg morulnK board : no toia woa made.
State and Railroad Donds.—The dealing in State bondshave been quite active, as follows: $73,000 Virginia 8s ucferredat 11-}: $210,000 do. trust receipts at 11-}; $20,000 Louisianaconsol. 48at 78J-0; $7,000 North Carolina consol 4< at 00}-100|; $16,000 do. special tax at 10}; $6,000 Tennessee settle-
ment 3s at 77^; $6,000 do. 6s, new, at 03}; $32,000 SouthCarolina C', uon-fundablc, at 6}-}; $2,500 do. O.s, Brown con-sols, at 100-110; $2,000 Alabama, Class A, at 102}.
Railroad bonds have been pretty active, in sympathy withtbe stock market, and they have also been strong snd improv-ing as a rule, the tone of the general market being good. NewYork Ciiy & Northern bonds have had an active Hpeculntion onrumors in connection with the New York & New Knglandaffair, the price fluctuating widely. The Texas & Pacifies haveagain been prominent for streD:{th and activity, and Erie 3dsearly recovered the decline of last wtek.The closing prices and rangeof a few loading bonds are annexed
:
ITana of Bond.Oteatdf. Bang* tituw Jan. 1, '86
Oel. l.!Oe«. 8. LolaL BiQluat.
n. Y. U E.* Weat.-2do<mM>l. 6ii.ex.Jnne, '86, op 90 >« 101 76»8 Jan. 1034 S«pt.
t>4 7 7 "4 Kei>. 96>4 Bent.105 JunoW<«t8hor»'. k-ii.ir. Id lOl'a idiif 10"»8 Anit.
Texas A I'n : - ' roe. nv 72^ 4Si«Juu. Tl\ Oct.Do rrr. !i\ 57 «, :m May nmAii^Dii If .'it) Hm 3ii3Muy eiSiOcfc
H.n ., 7wiV 51 Jan. 80% gatAll
1 27»a ?0>tMar..V. » 97 8 1 .>iny 9 'U TdS*N. Y. 1 lly A Ni>r . ti-u il-.tr.rce 71 94 Jnn. 78 H 0^^Ua. Kaua. A Toxaa, gva. ti» 97 o'le 87N May g^HO^
Do do Ken. 5a HiS| 87>« 7:'«M«y 871; OotInter. A Gt NorttaeiD ep. Oa 88 >« 80 84 Mar. BO Feb.
Railroad aad Mlscelianetiaii Htocka.—The market contin-ues exceedingly active and the transactions have reached verylarge totals every day. The bullish feeling has not yet spentitself, and tbe market was at times very buoyant, and prices ofmany specialties have been advanced since lust week. Theoast few days, however, there has been some reaction, underthe lead of New York & New Englund, and there have natu-rally been large sales to realize the profits already secured.
Ill Uje .«arly dealings some weakness and irregularity werecaiiBciT by the threatenini; attitude of Pennsylvania toward thetrunk-line p<iol and also by the publication of a lett<>r from theGovernor of Pennsylvania criticiiing the pool and the coal com-bination. Prices quickly recoveretl from this, however, andhe coal stocks, cs[>ucially Reading, were quite strong afterward.Foreign buying has again been a feature of the market, andhas a<iiti8ted the upward reactions.
New York & New England has still been very prominent,and the dealings have been heavy. List week the highestprice reached was 37f; on Tuesday of this week it jumped to
(I8f , and then a aharp fall commenced which carried it down to.58} on Wednesday, from which point it has recovered somewhat.The same vague rumors mentioned last week in regard to a com-i>iaation or consolidation of roads have prevailed. WesternUnion was sent sharply upward early in the week, and subse-
ijuently the other Gould stocks were advanced— Missouri Pacific
quite rhirply and on large transactions. Manhattan Elevatedhxs alito had a fair shard of attention and reached higherflgnrea.
The Vanderbilts have been very strong, Canada Southernand Michigan Central being specially active, and advanring onthe report of prospective diviilends to be declari-d in Decem-ber., Oiher stocks prominent for strength huve been CanadianPaciflo and C. C. C <& I., and to a small extent the Nickel-Platrs, while, o i the other hand, the grangers have beengenerally weak on bear rumors from Chicago, the most promi-nent speculator there being reported aa a free a<-ller of St.
Paul atock.
426 THE CHRONICLE. fVoL. XUU.
NEW YORK STOCK EXCHANGE PRICES FOR tVEEK ENDING OCTOBER S, AND SINCE JAN. 1, 188S.
BTOOKS.
Active HH. Stock*.Oanudlaii PacitlcCanada SiiuUieinCentral of New Jersey...Central PaclflcCbesapeake &Ohio
Do Istprel. ..
Do 2dprefChicago & AltonClilOMgo BurllnKton & QulncyClilcak-o Milwaukee & St. Paul.
Do pref-Ohlcago & Northwestern
Do prefChicago Rock Island & PacitlcOhlcago Bt. Louis & Pittsburg
Do pref.Chicago St. Paul MiLn.A Oiu
Do pref.CleTelaudCol.Cln.&IndianapCohimbUB Hocking Val. <kTolDelaware Lackawanna* WestDenver* RioG.. at^scBsm't pd£ast Tennessee Va. & (in. R'y.
Do Istpief.Do 2d pref.
EransvUleATerre HauteFort Worth & DeuverCityGreen Bay Winona & St. Paul.Houston * Texas Central..nUnois CentralIndiana Blouiuingt'n A West'uLake Erie* WesternLake Shore & Mloh. SouthernLong IslandLouisvUle& NashvilleLouis. New Alb. & Chicago.
.
Manhattan Elevated, oonsol.Meini>his & Charleston ,
Michigan CentralMil. Lake Shore <fe West
Do prefHlnneapolls & St. Louis
Do prefHlBBOuri Kansas <Se TexasMissouri PacitlcMobile & Ohio...Nashv.Chatiauooga^St. LouisNew York Cential & Hudson.New York Chic. & St. Louis
Do pref.Wew York Lake Erie & West'n,
Do pref.New York <t New EnglandNew York Ontario 4; Western.New York Susq. & Western. ..
Do pref.Norfolk •& Western
Do prefNorthern Pacific
Do prefOhlo& MississippiOhio SouthernOregon & I'rans-ContlDenial.Peoria Decatur Evansville. .
.
Philadelphia & ReadingBichniond & DanvilleRichni'd & West P'ntTerminalEoohesler & PittsburgBonje Watei town & Ogdensb'gBt.Luuls &San Francisco
Do prefDo iBtpref
Bt. Paul & DuluthDo pref
Bt. Paul Mlnneap. <& Manitoba.Bouthern Pacitlc CoTexas & PacUlc
Do trust certUnion Pacific...Wab. St. L &P., P.Com.rcpls.
Do prefmiacellaneoua Stocks.
Colorado Coal (St IronConsolidated Uas CoDeliiware 6i Hudson Canal..Oregon lnn'ri)venient CoOregon Railway & NaT. Co..PacitlcMailPuiluian Palace Car CoWestern Union Telegraph...
Kxpreits Stocks.AdamsAuierU-anUnited StatesWells, Fargo & Co
Inactive Stocks.Atchison Topeka A Santa Fe.Atlantic^ PaclncBoston & N. Y. Alr-Llne, pref.Buttalo Ko<h. A Pittsburg....Central IowaCincin. Ind. 8t. Louis & ChicCincinnati Wash. & Baltim're.
Do pref.Manhattan Beaeh CoMorris & EssexNew York Lack. & Western..
^
Oregon Short IJneQolbksllTer Mining Co
Do pref....Bensselacr & SnratogaKlchniond * Alieg., receipts..Bt. Louis Alton & Terre Haute.
Do pref.Cameron CoalEoniestake MiningMaryland Coal CoNew Central CoalTennessee * oal «V Iron
HIGHEST AND LOWEST PRICES.
Saturday.Oct. 2.
68 68>456% 57416II4 62>e48 48>s9
•16 18*11 12
13708 13708'JII4 S»558120^ 12111678 11712142 142%I26I3 127
' 14*31 34491i! 513811314114641-2 663214 3278
13612 13833 33'8121a 121a72% 73142812 2878
S'Jis
11% 1236% 36%
161a 16%
90% 91=893 9349^8 50 »8
142%40 la
90•611a9220%*453512lllHI6I265
IIII49
14440 139II46392 1220%46 1336 14Hi161a65112%
9
34% 355876 76=857% 62582OI2 2158•7
22*16i44528%
71a22 14174528%
6II2 621828 281216% 16%3318 33%29 ig 29 143458 3578
30*7
30 147I2
311a65
1121a5714109 14
1171a39%17181a60%19%36
321a65 14
II212581"
10914II8I2401817 12
191a61=8203612
28I4 285e78% 7812105 12 106%
104 IO5145612 57-78
144 1447873% 74%
'141 143*105 10758 59
•125 128
918 9%IOI14IOII4
ns 18%
Monday,Oct. i.
67% 7056% 59^6OI4 61%48% 4876*9 IOI2
•16 18-10 12
136%9368121115%I421412678*12i2*3050
1371a9514121117I4214126781433%5114
64I2 663214 33
135 12 I371833 341178 I2I273 73 1228 2890 90
aiifl 121236 36
135 I3518*16 1713 139014 91%93 931450I9 51%55% 55"
143 149401a 43891a 92%•62*91ia
63921a
Taesday, Wednesday, Thursday.Oct. 5. Oct. 6. Oct. 7.
69% 7159>4 62%6II3 631a49 49%-91a
•16•11
137% 1399514 96i«
1211a I2II2Illil2ll7%14314 I4314126 12612
32125078
1131a65%3212137331-12%73%28%•87
32I2
51%II3I266%33
138783412%7529%89 la
135 13516% 16%13 139178 93
2014 2014*45 46123514 37111 112•16 1765 65
111=8 112%•878 9211a 2II234=8 351a76 761262% 6818•2078
718 7%2II4 211a*16i4 174478 452814 281a61 61%2i% 28=8
32% 331430 301833I4 35
29%•614
77 la
32641a
'111•57109 1211839%I714ISifi
6019351a
308
771a3266%
II3I258109%118391218196178191a361a
28I4 28%78 13 78%103 1051a
IO314 1041a5578 57I4
14312 144127418 7814
Slig5(i
146%4291%62789320%46123678
II2I4161a65
II21387821%35%771262
53 1456
I49144393%64937820%4612371a
11578
6511312
91221%3lil478I4
68%
7ie•2II2*16ia447828=8617828I6I23329%351a14530'61a773266I3112581101171239%18I8I261%2037
7II4 72%62% 641462 14 63%49 >a 49 12
10% 10%18 18•10 12142 14213878 139%94=8 95%
12112 121%117 118143 14312614126%13% 13%•31 355078 51%II314II466 6978325g 33%
I3714 138%33% 3412% I21474% 75%281* ""87
29%89%
22% 2312 I214
134% 134%16=8 17
92 93%
5158 52%
149 I5OI4
7%22171-j
45%28%62 'i
28%16%33783036%145317%:
783367%113%'58
11(1llSJrt40>4'
18%1963%2II438%
93 9464 6493% 9421 2146 46783678 377e
115 116%16% 16%65 65
II3I4II49 9
*21 2235% 36%7768 7858% 64142158 22%7 7%
22 14 22 14
16% I7I4.1478 4528% 291463 635828I4 2915% 15%33=8 34=830 30%35% 3678140 14030 31
28I4 2978% 79104% 105%29% 20%104 10478]56 57%
144 14476% 78%
77%32%65%11458109%11839%1818%621420=837%
77%327866%114%58109%118%39%18%20%63%207838%
28% 28%78% 79%
10414 105
143 143 141% 141%105%106i4 105 10658% 60 59 14 60
'125 128 125 125
91% 91%9% 978
101 1015478 247917% 19
•414 4%7% 7%15 15140% 140%
9514 951410 10 14
'10028 2818% 19
24% 24%
9*33
937
IS'g 1878
13% 13%66 14 67
•4 4%7% 7%
105% 105%
6•24
725
•33 3785 851878 1920 20
66% 67%
4% 4788% 8%
10478 10656I4 5658144 1447578 7714
7114 721461=8 63%62% 627849% 49%10 1018 18•10 12%143 143139 14 139%94 95
121 121%116%117i4142% 14278126% 12712% 12%33 3350 51%112% 112%69% 7132% 33 14137% 13833% 3412% 12%74 1429•87
52989%
11%•35%13;-)%
16%12919350%55%1494191%6693%21I44536I4115%
11%39135%17%1392%935255%
I50144293%6694 1422%48I4
37%116%
65112%
9142235%771459 1421%7
221745 14287863%28 14
65113%
9782335%77%6122"7%22I7I445 14
29%63%28%
33% 341430 30%36% 38 14
144 14729% 30
77% 7832% 32%65% 66%114 11458% 58%109% 109%II8I4 119%38I4 38I4
19% 201461% 62%20 20%37% 37%
28% 28%79 79%104 105%!
Friday,Oct. 8.
71 7262 63%62 63 1448% 49%10 1017 1711% 11%
138% 13993% 94%121% 12178115% 116%142% 14278125% 126%I314 I3143214 32I44978 50%
69 7OI432 33137 1377832% 3311% 12%7478 74''«
28% 28%
Balesof theWeek,Shares.
Range since Jan. 1, 1886.
Lowest.
19 20%
91% 92%
"5078 "si 78
149 1497842 4291% 92%•65 6793% 937821% 21%46% 47%36% 37115% 116%16% 167865 65112% 113%9% 10%
2314 24143514 35%78 7859% 62%20% 226% 6%
•211.1 22I4•16% I714•45 451428% 2963% 63%28 28 14
33% 34%29 14 30%36% 38144 14430 30
84,478127,96063,4985,703450512105120
4,730210,160
1,16441,088
8352,775375260
37,4551,127
35,90111.542,
106,5R04,3951,9756,3903,561
20200
1,050210615
11,2202(i0
204,325625
91,046312
26,5803,700
44,999800
3.4502,7706.370
146,52754,131
7502.300
34,94210.9904.250
97,9803.335
409,3941,5462,8491,9331,1052,5506,.j50
28,00611,660
26039,1406,295
472,782220
5,300
3266
II41458109%118%38%19197861%2036I4
3366114%58%109%119%38%1920%62%20%3714
105% 10656% 57%
76% 77%
14214 I4214 *141 143105 105%; 105 10559 59 I 60 61
'125 128 127 127
978 10%101 1012919975
105 10632 32%6% 6%
160 160
37 3783 891878 187g19% 19%14 1414% 14%64 tUi-
2919975%8%
10678 10678
6% 6%24% 24%
37 3978
"l8% "18%
14% 15%14 1465 67
9% 978100 10228% 28%18 19
5 5%379 9%
28I4 28I4
78% 79104% 1052978 2978106 10656% 57144 14476I4 77%'
141 143106 106%|61% 61%
125 128
8742,5007,2202,1301,850724
8,7883.170
36,49078,99594.8707,712
19,730
3,6406,153
16,320200
5,74055,6601,930
346,574
61 Feb.34% May42% Jan.38 Mar.7 May
13 Apr.8% May
138 May128% May82% May
116 MayIO414 May135 Jan.120% May9% Mar.26% Mar.35% Mar.97 Mar43% Mar.2678 May115 Jan.21% May11% Oct.67 Sept.28 Sept.67% Jan.15 May8 Jan.
25 Mar.134 Aug.12 July7% July76% May80 Jan.33% May32 Mar.120 Jan.29 May61% May22 Jan.50% Jan.16% Mar.40% Mar.21 May100% Mar.11 May43% Apr.98% May4% Mar.
11 May22% May50% Jan.30% Mar.15 May6 Feb.17% Jan.8 Mar.
25 Jan.22 May53% Mar.19% May13% Mar.25 Mar.16 Mar.18% Feb.75 Mar.27% Sept.3% Jan.
25 Jan.17 May37% May97 May37 Jan.99% Jan.106% Jan.30% Mar.7% Apr.17% Oct.44% Mar.12 May23% May
Highest.
72% Oct. 664 % Oct. 664 Sept. 2450% Sept. 2913% Jan. 821 % Jan. 615% Feb. 13
146 Aug. 11140 Jan. 599 Sept. 20
12.'i%Sept. 20119% Sei)t. 22144 Aug. 9131 Feb. 1715% Jan. 536% Aug. 751 % Sept. 29116 June:* 871 Oct. 738% Feb. 17140% i^ept. 2435 Pcpt. 3013% Sept. 1375% Oct. 630% i-ept. 2391% Sept. 1525% Feu. 113% Aug. 2037% July 20143% Feb. 92878 Jan. 518% Jan. 593% Oct. 6100 June 2153% Oct. 559 Sept. 14150% Oct. 643% Sept. 2394 Oct. 671% June 395 June 1023 June 951% Jan. 437 7e Oct. 6116% Oct. 617 Jan. 569% Sept. 10114% Sept. 2010% Oct. 824% Oct. 837 % Sept. 2481% Sept. 2468% Oct. 522% Sept. 298% Jan. 2
24 % Sept. 2218% Aug. 647 Aug. 629% July 2763% Oct. 629% Sept. 2219 Jan. 435% June 2132% Sept. 1538% Oct. 7150 July 138 Feb. 27% Sept. 29
81 Sept. 2233% Sept. 2767% Oct. 5115% Sept. 1467 Apr. 12114 June 16
19 119% Oct.
21 May 4747b June 387% Jan. 1816 June 893 May 449 Feb. 23128 May 360% June 9
97b 10%'100 10220 30
140% 140%
"32% 32%''24% '25
38 3880 8518% 18%
15 16%14% 14%66 66%
5 59 9%
1478 1478
10678 1067832% 34
24% 24%
3880
38%86
161565
16%1566%
130 138 Aug. 21322 101% Jan. 28405 51 May 1541 119 Mar. 26
10511,320
41447,500100
5,5509,770420320178950200.iOO
100100
2,81 'O
100741270
1,9151,2004,300
8478 Aug. 187 May 496 Apr. 322% Sept. 2313 Mar. 2470 Jan. 182% June 105 July 213% Aug. 16132% Jan. 9100% Jan. 2019% May 84% June 220 May 17155 Jan. 21
2 May 327 June 280 June 269 Jan. 13
17 Mar. 13978 Apr. 209 May 4
38 Mar. 25
724885
41% Ai>r.19 Oct.20% Oct.63% Oct.2178 Si pt. 2038% Sept. 20
30% Aug. 6111 Feb. 8108% Feb. 1331% Mar. 6
10978 Sept. 1467 Jai.. 2146% 8. pt. 2778% Oct. 5
150 Feb. 12111 Aug. 1066 Feb. 26130 J;me 22
95% Oct. 510% Oct. 5
101 % July 2315177
30% Oct.22% Jan.101 Oct.5% Oct.9% Oct.21% Mar. 6144 June 18109' June 134 Oct. 88 Jan. 6
29 July 16170 July 2910% July a46 Feb. 395 Feb. 1621 June 123 Jan. 616% Feb. 1615% Feb. 1570 Sept. 29
• These are the prices bid and asked; no sale was made at the Board. t Lower prloo Is ex-dlvldend.
October 9, 1886.] THE CHRONICLK 427
qUOTATIONS OP STATE AND KAILKOAU BONDS, OCTOBER 8, 1886.STATE BONDS.
rtlM-UKlTIBB.
ihllninl -" A, IINM.UUM B. »•. 1906a—*c,u.i»o«•«. lo-aMTisoo
Alkkiau—0*. fnndad1>, L Rock* Ft.S.tM.1; Kemp.* L.Roek RRTf.UR-f.B.A.N.O. RRT>, Mlu. O. A K. R. RR.r», *!*»«••• r«rt RR.
Oeornte-T*. goU. 1S90 .
.
Louawii»-7>, ooaclal*htemit <1. *
Bid.
l(n<ilM107 I....
103 10«10«
ISISISISS 8
110<ill3^W.7SS 7-«,
BXCURITIK8.
ai>*
XlHonri—6*. 18876«,dael^as. dae 1889 or 1890. . .
.
Aiyl'm or UnlT., dae'93nuidlDg.1894.9SHumlbal dt Ml. Jo., '86.
Row Tork-6*, re*., 1887eo,lou>.1891So, loan, lanSo. loui. 18M
N . C>nltii»-«o,eld.J.AJ.rnndliur Mt, 1900Now bondo. J.AJ., "M-S
Bid.
10210«107113lis101103113116118351333
Ajk. SE0URITIX8.
H. OuoUsk-Contlnaed—Bpoololtoz, Cla.tslOonsol. «s, 191080.1919
Ohio-es. 188«Rhode laL—8s, ap.,1 893.4Soath CaroUnk—•o, Don-tnndstilo, 1888.Brown oonaol'n So, 1893
T«nnoosao--6o, old,189S.«6a, now, imi.8.19006*, BOW oaries, 1914 .
<rmp'mlaoJ-t.8.a«.19H
Bid.
1099^^3^101>i130
6109es636373
is101138
6»4
64fri
6474
8ECUBITIKS.
inUnncd—Sew settlem't—6b, 1913
So, 19133a, 1913
Virginia—«», old6s, now, 18666s, oonsol. bonds6s, ox- natnred oonpon.6s, consol., 3d series
—
6s, deferredDlstriot of Colombia—».«s. 1934ynadiagSs. 1899
10610077474790S365
110
77«J
SB
1»"
BAILKOAD BONDS.
8XCDRITIE8.
Bailnwd Bonda.
-- " trBad.6ori911AU. * l>ae.—lst,«a,1910.BalLAO.—IM,i)o,Park.B•a,p>id.l935
On inr«aU>,Ja.lM4liIBlLASt.L^lst^•^P<la. PMy A Wost.—lsO»C. Rap. I.r.A If .-lst,6o
l.t,fts,lw31Baa. .S. Y. A P.-C«aa.asesMral.6o.1934 .
Om aa—lst,iat.gii«T..Soad,»o.i9i3
Sntral Iowa-lst.7«,'art. DiT.-lsC««,1913in. DIT., Isl. 6s. IVIS
Bid. ABk.
89 87 >»
111 >1M>*1118 lOlJH
UilIM
s610*
47
<>— Pur. mo r«!.'lM
, lltll>«..».«.
lA AMa»-lst,7a,-«3iraa<l.6a.l963.
_ la. BIT.-Ist. 7s.LTa.llMO
._X.jBak.AChle.-lst
M.nar.(lia«,7s.-9MIfias.R. Bi'aa-IsMXa*
Okle-Barl. A Q^-CMa 7a, staking MaA 1*01.ia> daiMMituraa, 1»1« ...
Ia.MT.—M.M..SS.19I9mSitMMtam4.U.l»i»\
OMfsrOlT.—4a. lata.
.
PMa4s,l9Sl(UUI.A P.-«s,eD.. 1917.XzL A Csl.T»s,19S4. . .
.
aok. A IMa M.—IsLSs^_««N.J.-lsi,7s.-»0i^asai ssssiit. 7s, IW9• nT..iMaats<.7s.l90i>
- 1.7% twos...- ,1a. IMW
BSCUBrriE& Bid.
I>oLAHad.Canat-lst,7s 110)«1st. azt., 7s. 1891 ..--.. ......
Oonoa. 7s, 1894 MIS'! 116^la»,K^I>lT.,ep.,7s.igi7i \*0 ;144Alb.ABoaq.-lst.7v
I
104 ......
Ia»,«aiia.,«oar.7s.l90« ...... ISO'slsl,eaaa.3i>ar.6a.l906 H'-MllM».AI*ar.-lat.«ii.7» U4',iT.A«laOr.-lst„7» .I'ly* i?38
BKCURITIEa.
, 7a, Trost rec.
,A Pae.— l»t,7«IMAABIoO.Waat-lst,Bs
IMJtaek.A>lar4.—la(,«sLaadKraBt.3<«, B. A..
Oat. Bay C.A Alp.-lsl.6o „^.T.Va.A(l.-lst,7s.lWol 133OiTUtoaalSs.lMa...T.Va.A Oa-Rr.-1st,
ltis.C.A ».-Af4a>,.«.<lslsl.6a.lM»
>^*5g3afts
ii(j"j
'.'.'".'.::::::
•mH\i" \w\
,aoM.7s,1930.BLeaop.. 7s
113>a,ll8
Ul»998<..
110'.lUX^.1 1 : •.
145 ~.
1181U691>.
As. i>^A I B^-OSkl*Ohio. MU. A t»C P^
lst,>to. P. I)^18a«M,7^lns,P. D., IBM.Isl 7«. « g.. H. !>.. 1903.,1st. Lac. l>lT..7s,l«KI.,lalLAM.. 7s,tiWT...|' ,I.AO,7s.laW....|
L7b,19(MI !
l<l;7s. I.A u. Kxt.,t«gii|
.it.Mtaa.mT..*>-,a.Ari.,7a,t
'
t.APBe.MT.i>>
100 ;1U4J^
IISSI
Krta-iat.anBadsVSd. BkliBiii. 8S.1919.SA aitsadaA « >b>, 1 933.
Isl.
OombL aaM. as. IttXS I'lA)
8.V. Y.A l.-lst.Ts,l91il|'N.Y.I..ICAWV-N>widllsKxJaaa, UM.aaap .- -'flBialL>B.IM3
•" * r.H.-lst,eaaa-es
«.AlBdpa.-laSai-.Msr4.-lfjKl»Mi
-i..o.-ist,r
"IS-IslSsiHlAat.P.-ist,a^->.Pb.—7s,190l<|i9n f
< -CoB.aa.19111.oCo.-I«i. 6".;
Xloh. Oant.—6s, 1909....Coop. Ss, 1931Jack. l«a.A sag.—6s,'9I
Kllw. A Na-lst, 6s. 19101st, 6s, 18H4.1913
iaLL3.AW.-lst.<is,1931Mich. DIT.—lst,6s. 1934Asbl-d Dir.-lsL6s,I935
l(llm.ASt.L.-lstJs,1937Iowa Kxt-lst,7s, 1909
Bid. Ask
|(^7;.1891.w.Ext.-lst,7s,1910
Pae. Kzt.-lst, 6s, 1931Imp.A Kqulp.-6s.I933
l(tBii.A irW.-lst.8s,fld.KAK.AT.-OeaLJiM9aoOaasral.Ss.19a6CMU.. 7s, 1904.4.6Oooa, 14. iBeooM. 1911R.AdMtJt&-lat,7B,-90
XobUe A Ohl»-Wew da.
.
CeUatanl irast. 6a, 1803
106'.01
117113113^133130S100
133 >s
B8S87
116
>.Aat.-lst.as;
'jfi. ooB«a... nsin ilur Iwf ;tJ5j! q saWBl.aa.1931 .j*'* }"W HoM.»AW.Tsx.-UI,7.i,-;-••'* IU.Osa.-ls4f.4s, 1951...
1331^3>s 1.I3S
I
Ul119 lUt I
llWlV'
--i4^«i«^L -
MbADIi' -0».aB. 18M..MIAiOsMT.-BM..Sa...CiN.UA!(.a-:Tia.L,7s
1st. eoasol„ 7s, 1897MLUAUoiOatASa.l95t
OabTAB C.-34 HIT..-,
CM.r.AMtnn.-liil. 7>-I ni.AW.-lsi.pr«f.,7<
' .^4s.l»09 ^.<s,l909lorBMT.-as. 1931>i>aB.O.Aapr.—Ut,7s
Oa, 1900..^-8trapd.4.p<
vr.AO.-lsL8s.l93Si
. !to.-Ii
LOMMOtldMUdlTiispfftnirileMDM
90 l.lj Hp5MZri!T.MM
lOS73^
138
loeis103^
106106103118116
1.13 Hi133 >,
lis931069987V
SECURITIES.
lislis
76116
130
i'oss
ISS 136108 1*!
133\I1S4S136
'7oii70<l,
iii'96<97T
10483 Hi
l6i'>i
136 «,
"ii"71130
'88%98
M.AMIa'Bp.-lal7s/- MMlaaA-l>l.ito '
SaaM-AKb MlFBBiasBl,ate.AMU«WiB.Ant.i-C7..1'.".
IM
-4haraAMi<iti.lta.-
OBilsul.,eoop..
1107116 I....
9U>t! IH)Hi
:;::;: iSll.il
1 1 1 Ki
IbI Kzleaalam Ss, 1937SCL. ACain—4s. roar
Manaa'a La.AT.—1st, «lBr7a.l918
iraab.ChBt.Aai.L.—lsl,7sM, 6a, 1901rTr. Oaolial-«a, 1887 .
Dab. eerts.. szM. Ss ...
R.Y.C.AH.-Isl,ep.,7sr>ct> .5<. iao4
" '*, ooap..Ts,luMr l'n.6«,'96
. -<i<!n..es,1910'» rpc«lptJi
,
Engl-d— lst,7s.~i..... 1805
X.y.i;.AHI.L.—lst8slB31Tnist Oa rsoolpts
,
M. 6b. 1933. ..7.K.T.Oat.AW.-lst.g.. 6sM. T. Baaq. A W.-l>t,6slDabBBtaro. Ss, IHOTi. ..
Midland of N.J.-lnvSnW.Y.W.H.A1I.-I«t.rg .4«N.Pae.—O.I.KT..lat,cp..asOaa.. Sd. gold. 6s. Iil33.Janaa IUT.Val.-lst.flaSpokaaaA Pal.,lst.s.f6.Ka Paa.Tar.Co.— lst.g.,6sn.O. Pae.-l>t,fls.g..l93u«ir.O.A No. B.-Pr. 1. g..6s:(actA W.-aen., 6s,Tt(3lRaw RlTor—lsii,6a.l933lap. A EXI.-6S, 1934..AaUnstinl. M.-Ts. 1934.
OfAA LakaCb.—lsl,6a..oElaA Mias^-Oeaa. s.f.7s" 18B8...
7s,1911Bpttngflsld DiT., 7s.tfenoral. Ss, 1033. ..
Mo.—lst.tl«. ]t>-il ...I
,'BACaL-Ut.a<>.l(KSI '...
OrJETnuise1-6s,'M3.1U'.n; 10! Hi :03oragon Imp. Co-lat. Ox., 94'i, 94^Oni'iiKB.ANaT.- lst,(la.
" 1B87....
PennsylTsnia R K.—Pa.Oa.'Bgaar.4 >sB,lst,cpPa. Co.'s4>as,reg.,1931.Pltts.aA8CL-lst,o..7aPitis. Ft.W.*C—lst,783d. 7s, 1913.3d,7s,lU18
CloT. A P.—Cons.s.td.,7a4tli,s.f^6s. 1893
8t.L.V.AT.H.-lst,g.,7s2d. 7s, 1898.Sd, nar.. 7s, 1898
.
no C*k R'r- "
l«4^84 >,
63107111%
116 iiie>«101 >• 1031U7I«lOtI105
llS<t
96'106103118118
8»N103 •<
100io;ii:oss80<
114"113
iV6'
11"I .
-
11 ;
»s':03
^sllb.6«.10IOPaarta Dae. A Et.— lat, 6sEtbos. DiT.- 1 st.Oa, 1 1>30
PsortaA Pak. n'ii-lat,daMM..4>si.lU3l
»oUi. 6s.^ f&A^.i4.^b^ilii Mr -I
106%
U*iii'^i
CiBsal .iiip.,i.t, .1
CMwaL.IBB, !M.;a..MahoBiHOHilK.- 1 st.5.
txinc 1*1. KH l«l. :..'iM '
M. P. MlD.AUau-I
paaaol. 6a, I»iM '
aiM.P.AW. ].l*i.lr>I>.
•t.p.1
8Sa
.\VI9
liu
mr-
OtLM.VaLAa«A M.jn:.'OaLUA^-Mangsgii. 7" Hing..*
MV
'.otll.v .t N • 'in*. T*..'!***;
CerllUn Hr'ch. -7a,l9o7lN.O.AMob ~l»l,6s,1930;3<L6s.'930
E. U.A l(.-lsl,6s. 191WOaaanLas, 1980Psiisaoels Pit.—6s.ll»30
I. IMt.— I«t,»«. 1931.»«. H»MO
..liT.A Uoc— ia«.7« .
n .T :< Ala.—M.f.Hs.lU10IxialaT. (.-. A L.-6a.l03lTmsl bonds, flo. 1933...10.40,60,1934.
:iH
rtg..s
L
M.
7so(lat, rcn ,,r.|»f . 7a
m.r. l,Mck.» W.-lafcB.4'IHtalmrfl,'n. .%•
.... li:'
Pons. AAL-lst,6s. soldU KrtoAW.-lst, as, 1(119BaadnskT DiT.-6s,l9l9
Laf. BLAM.-lat.6s,l9l»LaalBT.:«.AIb.AC.-lst,«s«"<>n« gnM 0.. 1916 .— • • ' -- lst,8»
T'^lttOtl
.1.1931.=-..J«,1908
iii,'Yi,'ib'\i-I <-p..«.7.A8
u7«.I903
104 >
113 ll'i>s
1»4Ii)ni.,l
1
II* • .'Si, 11»07
Eaiii.. l'.ic -lat,0s,'95l,..!. (J., HIM
r.iJtv.lls,BSS.'99(isAS8..-9«L,6s, 1919.P.e.,7s,-99. rs,-95
-lst.fls.lll05W.-lat,«sI 1.1, OaI., 7a.l000
1st. 7a. 1909Ko. Psc.—lat, cana.,tfs.«l.7s,1906
Ma-lstSs..r%.i8oiLV.—3d.6s,CLA
IC, 1906B, 1906
I Plorco C. A O.int. 7s, 1895..
»rt.,6a, lurn ..
_.of MO -lav,6aC.A8.-lal,0s.g
n.8,AV.B.RK.-lat,(fiTbs.A Pae—Ui.iKli)OSConsnI.. M*. I'MtMInc. .k l.g—7»Tr.rr«!.RIoO., 6a. Aug. op. uo
Do fix Aug. cp.ttt-n vn. . f».r. Urn T^.r
IIIH
in
OS110113 >t
ios'
110<*
1G6
109
118
Pino Cr\ R'r-6sof 1933.Pttls.CloT«.A Tol.—1 at,6ePttU.MoK. A r.-lBt,6s.RomeW.A Og.-lat.7s.'9ICon., lat. CXI., iia, 1933.
Rocb.A Pllt.-J at. Bs, 1931Conaol., lot, 6s, 1933...
RI>-ti.,tAllPK.-Ist,7s,I930Truflt Co. reooipts
Rich.A DsuT.—Cona«g.,6eDebontore 6s, 1937..AU.ACh.-lst, or.,7s,-97Incomes, IWIO
Scioto Vol.— 1st. cona., 7a.at.Jo. A (I'd IslM.-lat. esMLUAIron Mt.-lat,7s9d.7a.l«»7Arkaiisas Br-cli-lat, 7bCairo A Pnlton- lat, 7a.Calm Ark.A T.-lst. 7aOon. r'y A l.gr.—Bs.l9.Sl
8i.I..AItanAT.H.—lst,7a3d, pref..7s, 1894...3d, incoine, 7a, 1K94BollOT..* so. lll.-lat, 8aBoUeT.A<'sr.-lat.6s, 33
8t.P.Minn.A Mau.-lst,7B9d. 6s, 1909Dakota Kxt.-6s. 19in..1st oonsol., 6s. op.. 1033MIn's Un.— lat, Oa. 19T2
Kt.P.A Dul.-lst,5s,19.SlHo. Car. R'T-lat, #s, 193034.6s. 1931.....
Sbanand-bV —lst,7s.l909OoaoTBl. 6s, 1931
Sodas BarA So.-lst,6s. g.Tox.Cen.—lat.s.r.,7a,19(>9
1st, 7s, 1011Tol.AO.C.-lst.g.,Ss,1935Tol. P. A W.-lal, 7s, 1917TmstCo. receipts
Tol.A. A.A O.T.-lat,6a.g.Tex. A !i. O.-lst, 7s,19(ftHablne I>lT.-Ist,6s,1913
Va. Mid.-M. Inc., 6s,1937•-• >'i.r..APaa.—uen.,6«
• Co. reooiptsl>lT.-6s,T910...
'• l>lT.-6s. 1910luilliolla DlT.—6a, 1031IXitrolt niv.—Oa. 1931.,Cairo I>|T.-Sa. lB:il ...Waliaab— Morl..7a.l90flTol.A W.— lal.ext., 7i
lat.Mt. L. Illr.. 7a.'80ad.exl.,7a, 1HU3Eqaip'l Ixia.. 7a. '83. .
Oonsol. POOT., 7s, 1007Ot.We«t'n-lal,7s,'8><3d. 7a. 1H!)H
Q.A Tol.— lat, 7a. IHIMIHan. A Naples— lst,7HIII.AH<>. Is.- 1 at,ei.,6a8t,UK.f.'.AN.-R.e.7sOmshalJIr.— lat. 7a.Truatf'o. rvrolpls..Clar'iia Ur—iis,19198t.Cliaa.Hge.-laL6a
Bid.
106^
140130S
109
107
lUH114106
74 >,
114
134"
"Ss"108113116113
94%UiSibs'iilis110113
iiio"
118
il3it1048179V37
"73'.
734
107
187
108
1I2>B100
No. Ml rl 1. 1,7s1 n-.jfla
T 4a' H. iinn} ,,
i.-'7«.'l»()4r.i 1;.. I'll I
10I4
6389
1101(16
U9
' hb"\1109U•95
76116110<B
io»~
i'de'i113".
109 >iIISS96
lis"
113
iVs"
118
40
lOS104
vii"9063as
83
86lis
100
113
iOIVi1V313J
lOS8880
102%109116lislis105105109%
80I'D
118
105 >•
10084
136^
109%1U3'«|103%
100
674
0".
10067%
73rt'H.,
"Vl.l•HI...Inc.
I. Inc.•..Ba
M.IDC.
ill
AlI>.
•
OiIII'
lli'l
Trurtt Co. reculliU ...Leb.A Wiikesb.CosI—'HHLake EA W.— lno.,7a,-U9l»snd'kT niT.—Ino.,1920
Laf.UI.A^ iin...Ino..7s,'99Mil. 1... Hh. AW.—IncomesMnli.A O.— I«l.|>rf.,>lebon.
2d. pref..ilt.)if«nfnrea
3<I, pref.,.l»?tM'ritliros4th,pn'r.,ilni.tiiiliires...
N.V.lj»koK.AW.-Inc..«aOhloKo — ill. Ino.,0a,l921Peon«li.<t Kv.— Inc..1920BTsnaT.DlT.—Inc., 1930
Roch.A l»lttal>.-lnc.lII21RomeW. AOK.-Ino.,7a.So Car. Ry.— I ur.. 6s, 1 9.1
1
8t.l..A.AT.H.-l)lT.bds..HU Jo. A (I'll lal.-2d. Inc.
Prpp I,U|.Cln.A.H.-lNl.M.c.r.AI ,7a
lat.it.. I.. H. * M. 8. 7h.V . f .^.t. -Int.T.iar. . Aa *|MI
tlU<a
16
8729%
9031•18601U4%•58
114!00%9876
i??
eo"101 >B
1068796%
88767570
67%
37344030
49'4
34%.
1086S83>a
803978 >t77 >a8096 .
38%
12013090H
< 2(0 prices Friday i UiOas sio Isiast qootatlons made Uila week. t Oonpons uO.
428 THE CHRONICLE. [Vol. XUII.
New York Loeal Secarltles.
Bank Stock LUt.Inanranoe Stock Lilat.
tPrioes by K. 8. Bailer, 6>» Pine st.j
OOHPAMIKH.Par.
PRTrv..
OOMPANIBS. Par.
PR <').
jf»rk'<< tfinr (>) arenot NatSonal.
Bid. Aek. Bid. Ask.
ABirlW 1001002636
luu1002510026
1001001001002625100100100SO60
10076
100261001006010060
1002626100606010060
10010010010070302560
100262010010010010010010010040100
166 >a138.iSi
157IVO140:05;7(0.•20
UJ7312185launo,00.200.S6100;».-,
60
iV2:iB8
i75'
i38"
60100252617207010060100401003050171005060261001580100408020305010025506050506037 -a35100502525100206060255010010026251060
1116
es1451701751161151173021S26085OR120HO
2i;o
1122207011013514575
118210110
1)0
1156
P560
108971409015585155ICO1'5100150103144123lliO
6565110135125230
160Amer. Exchange ...
Bowery102153
SS«Si«r?*DroT'»' 177Brooklyn 188Citizens' 120City 12(1
Oli«inloftlOttUeoB'OllT.
ClintonCommercial
1-23
35225
EagleEmpire City
260
ContinentalCorn Kxchange*
95103
Parragut 12«
mflnrentb Ward*....nth Avenne*rtntFourthFkHou
llO'ierman-American .
OermanlaOlobeGreenwich
3jO14511723080114
105 4i' Hanover 1451.0
1(6i6700IBS11)5
16716810,1
uo130^.6•^hl('3
74 li
•.3S•200'.'00
118lisi;;5125leo160164150lu8.31>s120107%230J35125
io.iig
2U0
iVo'140
ieoiliS
l6tf
"I'iK
125
iii'u
15 4
.67
V "()'"
i:41'2&
iW
'.'.".I
16080IM
lap. A Traders'....IrrtngLeather Manufrs*..liauti»Tiaii-Markel
KinRS C'nty (Bkn.).KnickerbockerLonK Isl'd (B'klyn)Manufac. A Build..Mech. & Traders' ..
Mechanics' (Bklyn)
22095(951'20
15IfechanJcH'Mechsnics'A TrailB'
9065in
Mercnaxita' Montauk(Bklyn.)..Nassau (Bklyn.) ...
National
102Merobantrt' Exch...MetropolitanIfaeaan^
14795
N. Y. Equitable ...
N. Y. FireNiagaraNMrih RiverPacifloPirkPeter CooperPeople'sPhenlx
165Kew York 95Keir York Conn^y .
M. Y. Nat. Exch ...Hbith
!6i105175
North River*Oriental*
106160107
Pacific* 150p»rk Rntger'B 137Faople's* 103PheniT Star 95
Sterling 70StNlcholas* 117Seventh WardBMwnd
United StatesWestchesterWilliamsburg City.
140135
Shoe* LeatherSUte ol New York*Third
245
Tradeemen'sUnited Statee
Gaa and City Kallroad i^tocka and Bonds.
tOu QaotaUons by Quo. H. Fbbhtus a Co., Brokers, 48 Wall Street.]
SAJB COMPANIES. Par.
Brooklyn 0»s-Light....>OltlienB' rjas-L.(Bklyn)Bond
OansollnatcauasJ«r«er City dt Hoboaon.ICetropoIltsn—Bonds ...Mutual (N. Y.)Bonds
Nassau (Bklyn.)Scrip
People's (Bklyn.)BondsBonds
WilliamsburgBonda
Metropolitau (Bklyn.)..Municipal— BondsTnlton MunicipalBobud
•oniubiBiftn/lfl .
2f20
l.non10020
1,000100
100026
Var'p10
1,000Var's
601,000100
1,000100
"ibo1 ono
Amonnt.
2,000,1.200,250,
36,430,756,700,
3,500,1,6001.000,700,
1,000,400,100,
1,000,1,000,1.000,750,
3,000,300.
2.000.i.nnn
P Hod
Vai sVarA.&O
,000,000,000,000,000: Qa ir.
,ono F.&.A.,000i Qaar.,000 M.&N.,000, Var's,000 M.AN.,000 Qnar.,000 M.AN.,000 A. « O.,000 (iuar.,000'A.A O.,OflO!
OOOIM.&N.OOC,0111' J. 4 J.OOPnt\t<
Ip. * A
Date.
M.iy 6,' -IB
Juyl, '86
Bid.
11365
10078liaJu'el6.'86
2I3 May 1,'86'lliO3 1 1902 1114I>l'julyl0,'86;i023 1 1902 1032 Oct. 1, '86!l052ii!May 1,'8B 100l>aSep. 15,'S6xG5Sial ay I,'86 1023 Oil. 1. 'SBIIOO3 July20,'86 1803
I
190(i3 Uulyl,'86SHll 1HH83 Oct. 15.'868
I190U
2^1 Apr. 1, '80 108« I 1WP9 llin
Ask.
11567
1(15
79
11079
105143105
11710410511010267
104
13511480
110145 X1091121 13
[(jaotaUong bj H. L. Gbant, Broker, 145 Broadway.]
i-rtor St.* Pult. P.—Stl1st mort
r'dway <fe 7th Av.—st'k.1st mort?tl mort
B*way Surface bds.guar.Bonds Kuar...
Brooklyn City—stock1st mort
Bklrn. Crosstown—StockIst mort. tonds
rtw'kAv. (Bklni—SfkOSQtral Crosslown—Stk.1st mort
Oaat.Pk.N.A E.Riv.-atkCnoFiol. nrort. bonds
CThrlKl'iih r.felOthMI^HtkBonds
DryDk.E.B.A Bat'y—StkIst mort., conaolScrip
Rjrht-h Av.—Stockscrip
4M* Or'Kd st.P'ry-Stk1st moo
tii ft. Wanh.A St.N.Ave1st mort3d mort., income
Honsl.W.81.& P. F'y-RtkIst roon
Ninth Avefl^nnnd At.—Kr.nclr
inmortOOB'toI
B.KtbAT.— I. .kIsta o
Third Av.-s ookBonds
T csniy.thinl St.—Btook.ISl lOOr ....
1001,000100
1,0001.0001,0001,000
101,000100
1,000100100
1,000100
1,000100
1.000100
600AC.100100100100
1,000100
1,0001,00(1100600100100
l.onn1,000100
1,000100
1,000100
1,000
900,000,J.* J,
70(1,OOITJ. A J.
a.-JJ. AD.J. A J.J. A J.J. A J.
2,100,0001,500,000500,000
1,500,000l.llOI'.OOO
2,000,0001 Q.— F.800.0001.1. A I
200,000iA.AO400,000 J. A J.500,000 <J.-F.600.000 Q.—J.
250.000 M.AN1,800.000! Q.—J.1.200.000 J. A 1)
850.000 ll.-F.100.0001 A. A O.
1,200.000 (J.— K.900,000 J. A D.
l,200,l>"0 F.A A.1.000.0001,000,1100748.000aiH.OOO
2,4(H).li|ii>'
1.2()0.0(^in M.A -i.
1,600,000 J, 4 )
250,0(0 Q.-.''.
600,0(10 J. ^ J800.'iOO Oct.
l.wil' ,000 J. A J.400,000 M.AN.
1,050.00 )IH.AN.1,600,0 i>,|F. A A500,0 1(1
jI. A J
2,ll( 0, HM 14.— F.'2,000, ii(l(M I. A J.60'),lll)(':a— F-
2.')i).oooia.AN
Q.-J.F A A.Q.-F.A. *0.
July, 1886July.lHOO.rail.. 1886Juiie.lBOJ
191419241906
Aui-. I ^Jan , l^O.Vnr., ,nh6Jan., 1888Au(r.,l«S6
1»4 Oct. 1, '86« N<.v..l922l"! (Id. ],'867
Il)»c.. 1902
281142 '20
105104
190lOB165105145160llo
126'1"!) AUK.,18S6|13.)" 001.. 1898 no
AilB., 1886June, '93KiOi.. 1914Oct. l,'8tfttib.,1914lAui..l88tfApril. '1)3
""lOlO1915
Feb.. 18861894
113105200107
July, 1886lulO
May, '88Aug.,luly. '
FBb., '
Ian., '
May, '
May, '
22011-2
3«10968rj5113no106103'212
no109260112
.«0
12023S110lOSlj100100195110les1121551651251-25
1251351161(>5
11510721011024011740
11260
1.101161-26
190107 »
220115280112270114
• flisoolnrau s! Oirslrst ivde.id 1 r;.-. , Iv. I liut-i Of maturity of bonds.
Qaotatlons In Boston, Flilladelplila and Ualttmore.
SECURITIES.
BOSTON.Atoh. A Topeka—1st, 7a.Land grant, 7s.Ouaraiiteed, 7s.Plain, 58
—
r...
Mfirt^age, 6s..Mortgage, 4MTrust, 6s
Bur.&Mo.toNeb.-Ex't,OsBs noii.exompt4sLand giant, 7a
California 80.— 08Cons. Veimoiit, 5sChic. Burl. A No.—5sChic. K. C. A We8t'n-6sIncomes
Kaai'ru, Mass.-68, new..Piom.Klk }T &M0.V.-6S..K. c Tort Scott A O.—7sK. City LawT. A So.—6s..K. Cltjsa.jo. AC. B.—78K. City Hp'd A Mem.-fls
K.C. CImt. 4 Spiiurf.—5iLittle R. A Ft. ».—7s
Bid. Ask.
124123>s
99
123110
11746
ioi'56
127122
124
109
95
46 >.
(•8
102 Hi
1127 Oft
LittleMar. H. 4 Out 1908, Bs, S
112i<'
127110
!il6'
9d46454913
128
111
10895102^
48 19
194131
183
141"
92
4 _
821-;
i
1925. 6s,
Mexican Central—48Scrip78IncomeScripnebentnre, 10s
N.Mex.A So.Pac—78N. Y.4 N. England—7b..6s2d 8, 68,
Og.lensb.A L.Ch.—68Consolidated 68Incomes 1„,Wb
Pueblo 4 Ark. Val.—7s.. 5125Rutland-Ist 6b68
Ronora—7sWisco>'8in Cent.—1st ser.
2d serios
STOCKS 1
Atchison A TopekaBoston 4 AlbanyBoston A LowellBoston 4 MaineBoston A Providence—Ho'tcm Con. A M.. pref..BoHtou Revere B. A LynnCalifornia SouthernCentral of MassachusettsPreferred
Cheshire, prelerredChic. A Eaat'n Illinois...
Chle. Burl. 4 North'nChic. 4 West Michigan..Cinn. Sandusky 4 Cleve.Clevel.and 4 CantonPreferred
Col. Spiingf. 4 CinConcordConnecticut River
—
Conn. 4 Passumpsic
.
Det. Lansing 4 No., pref.
Eastern,FltchburgFlint 4 Pere Marquette.Preferred
Iowa Falls 4 Sioux Cltf
.
Kan. C. CUn. 4 Spi-tngfdKau.Cily Ft. S. 4 Gulf..Preferred
Kan. C. Sprtngf. 4 Mem.Little Rock 4 Ft. Smith.Maine CentralMarq. Hongbt'n4 OntonPreferred
Mexican CentralNashua 4 LowellN. Y. 4 New England ...
PreferredNorthernNorwich 4 Worcester...Ogdensb. 4 L. ChamplaluOld ColonyPortland Saco 4 Portam.Ports. Ot. Falls 4 Con'y.RutlandPreferred
Snniniit BranchWisconsin CentralPreferred
Worcester Naah'aA -".och
PIIII,Ani!.I.PHlA.RAILROAD STOCKS I
Buff. N.V. 4Phii.,as8.pdPreferred
Camden A AtlanticPreferred —
Catawiasa— 1 at preferred2d preferred
DelawareB Hound BrookEast Pennsylvania,l?1n.t..n A \Vtll.antai
101118107 "v
1'8
13V
99=812625592V;
ho'67
58744
1
31'i
1455126
1815130lv777',
36102333
Elmira A W illiamsportPrelened
Huntiugd'u A Broad TopPreferred
LeUlgh VallevLittle SchuylkillMlnehlll A sch. Haven..Nesquebonlng Valley...Nortliern CentralNorth PennsylvaniaPennsylvaniaPhilatlelphla A KriePhila. Oer. A .N'orristownPhila. Newtown A N.Y..Phils. A ReadingPhila. Wllm. A BaitUnited N. J. Companies..West JerseyWest Jersey 4 Atlantic.
CANAL STOCKS,Lehigh NavigationSchuylkill Nav., pref... .
RAILROAD BONDS.Ailegh. Val.-7 3108, 'Si78, K. ext., 1910Inc. 7s. end., coup.. 91
Bait. A O.K. Slile—Certs.B,>lvid'e Del.— lst,6»,l»0231. «K, l-'-<7
nv,1014
40
"56"
150
4161
"S-'Hl57 >4
61",6
'2
64
69 "a
120
l8»8
71125128)8118111)4
1021.
109
102 'e9140
94)4
132'
219
SECURITIES.
14»)<
35
92>«7»'5tol««i6
100
i02'
25 '4
83 H,
70
135
461261333
61150
183
•ii\.
iii»„
217681...
49 S;
5-2 )<,
9 '4
121113•22
1:3119101
16>ti3357 3j
79kO69^4
0052
5'2)5
122)8
!(>T4'
B«U'8 aap-lBt,7B, 1893Ist, 68, 1911.".
Con.,0a,1913Buff. N.V.A PhU.-l8t,6^2d, 78, 1908Cons. OS, 1921iBt.Tr. 8s, 1922
Bnir.PUtH.A W.-Oen.,6iCam. A Ambov—6s, c.,'8i
Mort., 68, lS89Cam. 4 Atl.— lst,7B,g.,'9;-
2d, 68, 1904Cons., 6 p. c
Catawlssa—Ist, 7s, con. cNew 7s. reg. A coni,.
.
Co). AC. .M.—1st, Cs. 1914Jonnecfg »s,cp., luoo-i).,
DeL 4 Bound Br.— l8t.7^Bast Penn.-lBt,78, 188t-
Ka3ton4Amb'y—5s, 1920El. AWm8p'tr-r8t,6s, 191068, perpetual
flarrisb'g-lst,6s,1883..a.AB.T — Ist, 7s, g., 1890Cons. 58, 1895
IthacaAAth.— Ist, gld..7>'
I,eh.V.—lat,8s,C.A B.,'9S2d, 78, rBg.,1910Cons. 6s, C.A R.,19'23..
M. O. Pac.-lst,6s, 1920.Vo. Ponn.- 2d, '7s, cp. '96
Gen., 78, 19()3Debenture fp, ren
Norfolk A West.—(Jen., 6f-
N. R. Div., lat, ds.l932N. Y.Phil.A Nor.-lst, 6eInc.,6B, 1933
Oil Creek- 1st, 68, coup..Pennsylv.-Gen., 6s, reg.Gen.,68,cp., 1910Cons., 68, reg., 1905....Cons., 6s, coup., 1905...Cons., 68, reg., 1919....
Pa. 4 N. Y. C.-78, 1896.7,1906
Perklomen—l8t,6a,cp.'87PhiLAErie—l»t,7s,cp.'88Cons., 6s, 1920Cons..5», 1920
Phila. Newt. A N.Y.—Isi
Phil. A R.— Ist. 8s, 1910..2d, 7s, oonp.A reg. 1893Cons., 7s, reg., iHll—Cons., 7s, coup., 1911 ..
Con8.,e8,g., 1.R.C.1911Imp., 6s, g., coup.. 1 897Gen., 6s, g., coup., 1008Gen., 7a, coup., 1908.Income. 7s, coup., 189fi
Conv. Adj. Scrip, '85-89Cons. 5s, lat 8Br.,c.,1922Cons. 58, 2d 8er.,c., 1933Debenture coup.. 1 8931Conv., 7b, R. C.,1893..iConv. 78, cp. off. Jan.,'85Deferred iticones, cp
Phll.Wil.A Ball.—4«.tr.ciPitts. Cin. ASt.L —7s...
Pitts. Titus. 4 B.—7s,cpShamokinV. 4 Potts.—7,Sunbury 4 Erie—1st, 78Sunk. Has. 4 W.— Ist, 5h
2d, 68.1938SUbb.ALewi-fn ;s.C..'96sjT.Gen.4 Coru.— let, 7sT%x. 4 Pac—Ist, 68,1905Consol.,6s, 1905
Union 4 Tituav.— 1st, 7sUnited N. J.—Coiis.B8,'94Cons. 68, gold, 1901..Cons. 6s, gold, 1908..Qen.,4s, .old, 1923..
Warren 4 F.-lst, Ts, '9ti
West Cester -Cons. 7sW.Jersev-let, 68. cp.,'9f
lst,7s,"l891>Cons. 6s, 1909
W.JeraeyAAtl.—l3l,«s,CWestei-n Penn.—6a,coup.6s, P. B.. 18966a.ro;;., 192;iCANAL BONDS.
Ches. 4 Del.— Ist, 6»,1880Lehigh Nav.—6s,ieg.,'84Mort. RR., reg., 1897 ..
Cons., 78, reg., 1911—Pennsylv.-68, cp., 1910..Sohuylk. Nav.—lst,68,rg2d, «s. reir.. 1907
UAbTllMOKl!..RAILR'D STOCKW.tPaiAtlanta 4 ChailotteBattlmo) e 4 Ohio . . . 10( xl8t pref2d prefParkersburg Br 60
Central Ohio—Cora 50Pref
Western Maryland—60RAILROAD BONDS.Atlanta 4 Chart.—let
—
IncBaltimore 4 Ohio—4b....
Cen. Ohio.—68, l8t.M.4bChart. Col. 4 Aug.— Ist..
2dcm. Wash. 4 Bait.—lst«.2d83d81st Inc., 5s, 1931
Colnmliiadt Greeuv.— l8t^2d8
No. Central—4 )as, J . 4 J
.
68,1900, A. A O6s, gold. 1900, J. 4 J6s, Series A6rt, Series B
PIttsb.ACon'ells.—7«.I AJL'nion RU.— Isl, gua.JAJCanton endorsed
Virginia 4 Temi.—5»8s
W.Md.—6s, 1st, g., J.4J.2d, iref., J. A J'2d, fuar.byW.Co.,J.«J.6s, dd, guar., J. A J
VVilm. C A Aug.—68Wll. 4 We.aon-6«
Bid. Ask
lis"
lOdl('8)a118
123 r.
130
i"6'12010510111399
iVa"140136
103
113
100S«
126133
113HU)»ri6
'
lob's 107 )»66
I
'.'.'.'.'.'. Yas"131 I
1-28 ...~.129
112),1'21'il131 I
19'a;0OlOU 107
113
127114l'28)s 130128
I
105I
103>4 ioi1C461i«60
58
47"4142
'•'<!' 10102), 102),
IfS
265»i
Si's64 Vi
1U>«
124103)3105
1114
ib:>47542
35123
45
Via"
107 Hi102121
io'i" i'lo"100
......
i'oT
iio"'117124
ioo"
ioo105no liih
iYii"111109
Vus"
6711
92169
52 <s
124)3
106 <a
112105 13
7742-s301313
102 13
12113122'a'123'3110 -i
12313
1031:02jl04
127120 >s
Ill
'Ex.('ivi,lenl. t Per shl c. > In d fauit. J Last pitco thii week.
OCTOBKB a. 1880,
1
THE CHRONICLE. 419RAILROAD EARNINGS.
The latest rsilroai eamiaga and the t3taU from J in. 1 tolatest date are given below. The staement includes the ktossearniogs of all raitroadd from which returns o<tn be obtained.The coTumn'4 under the beading '-Jdnu iry I to latest dace" fur-nish the gross earnings from Jinutry 1 to, anl including,the period mentioned in the second column.
Soxos.
Ateh.T.*8.r..BuOORt
Halt. A PotocnvBor •
Bu"Bui: ^
Cairo V. A ChioCaLBoaUieni..tOmmUoM AtlOMaMsaPaMHrCp.rr*Tad.TalOMttal Iowa.
WttkarMo
AOKiutiuljr ...
IMSli.
•1,311.951
18.710113.931
1>
mniB * Uhto._BUJLaz.ABJt. Aiiif.ut
Uli »k8»pt'2<l «k Sei>t
4ik wkKeptAn^>t ...
1> h w < '•t |i
Aoicu^t
.O. AS. W>* AlU.ii
Chle. * AtUtit:iOMsiBarL* <^
ais.*Ban.ii0Us.lfU.*8t.l'OMS. * Nnrthw0kA.P.MIu..t[OOMa * W. MIoh. 410 wiDtoptaa.Iad.8t.UAC ttb wkSrpi
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t'hwkSept
Cla. J. * Maek. Angiwt.Ola. ». O. * T.r. 3d wk HeptAla. Ot. aouth. M wk 8ei>iW. on. * ir. B. 3d wk MplVlekM>. A Mar Jd wk •rplnek*. Bh. A P. 3'l w« itapi
On. f»rL A MotLAacnH .
tta.WMa.ABaIt'4ib wk->ptCtoT.Ak»IBAC<>: : I.I
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•taadTrnafe...eaUOM.AB.PB.Hoaa.ATez.OiatnLOkBi.tm.agp>
t W«ll !^plAll<.l*t ...
Wk HeptS.'i8rptsuil»'rJdwkBri4lAvkari.t>hw«aeiH4thwii8ept
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i1 1 U « k - ei>i
It4iwk8.pt41b wkarpi
Iai.atoom.AWlad. Dm. a B|>r
CaPkAAOu:SaB.C.8a.AMKaa.r.(l.Aai.Lakae A w».i.LeklgliAlIn.! oi,
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SlwaakMA.Niaaa'av.Aa(.imaaJkBoW...Mlas. A T««»bllr .V
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IX.Y.C'.All.K .
. Y. Cltr A S .
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.
B.Y.ANkwKu.»».Y.Oot.A W
IsfMllAWMtlOiat'l.
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PMiaaflvaalaPMrtaOMbAePalla. A Krl* .
.
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-..-|i(»Mlih.
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ttb w«8ept%a^«t .. I
ttb w >erpt|(lb wkMpi< T't^iuber.,
QuilMr.l
liM».
* ".I. \ inl*JJTlI8.80-J
I28.70O2»8,OOU
3L21U410.86681.038147.390178.308M.Sflo
800,*> '
S33.10OS8.3MI79.02016.61
1
97.97033.a»48.8347.0798.440
80.30914.19435.339
348.1319.747
332.XIIaa.ir.i.-.
17.»4tlW.7ir31U3,4269.AU
88.32187.79914.90098.58041.000
.tat. 1 1» Zm—t nale.
1886. I 1885.
MMWS9S.«i?2
81,243.009
36.014102.8.11423.1074.3IX>40,02969.016lV,3bO
vio.oii276.00)117.1123-
3S>:'
«-186,7 .'I
178,«07|36.4S3'
14,37793.77618.8089,4058.1999,8156,«7«
49.50tm2
th.
331.9 '6
34.334l.VMl
170.61201.3139.780
45.84388.37817,«4»98.330••,877fftjOTOinjM323.»»
0,5S6,429l 9,6^2.n.-.l161.2 9 175. -..'l
856.566; StiJ,-.;oO
1.9.l>t..1S0
877.M26Il,9ia.9U7
46'.».a.<i»
4US.lt'J|4 40.05 S
7,013.8 !3i3(».fl<n
1,758.009!»<M.73.'>
2,001.392
•ll-.'.K:i,')
3.'Ji)7.:;7'j
12 '.'I'd
l.l>J,-,,(ls.> ;i7i) (cjiI
9,743,470! 5,78U,i50
i.yui.jjo
1,955.20 i
793.43H400.3H330.022291,537]
l.li'V.TMi
1,701.»2415o,!>.(.%
12l,47l>4,740,.(2.'>
656,707831.S068e3.703
•^20.787583.782
tA97,622883At6
i7.lui.tjj24,060,.128B16.143
1,7.V.',817
1,820.042725,671440,4362>*«.386211.026
1,2»4.815372,<W111«(I.:mi.^
l,'.i:i().SM)2
1 12.1,171.707.2i;8
1-13,7S2
4.tl5.,120616,4512.V4.683885.033
2.773.954.i3>*,..73
l,llU,iUl342,050
24.541
1
147,935•J'Jl I'^Tl
7»,13J903,0274fl7.187|83,128|5i,l01
301.6<>6'553,8001I'M 111
;i!3,851|
149.0721IHJ I III
OJ.336,577,
AlU^'IKt...\nsu«t.. !l.501,421l 1.417,
h77.!M1»
:i2l.3-<»1 -(.-..3<iil
2, 3'J,'J17:ii)ii,<ii2
.-.01.417
:o.i iii.tt>.'«
l.Iltl •2<17
771,2<ltf1,5.".2.015
)>0I,.I1!)
M7 >,r.74
2,H.'>0,1'»0
LO-JI^'.-JO110,'<169m.7.'>l401.7.12972,4116
2i^'f':il.I'.ii..-J '".
I.37.>.i"il
17,l>r.(.J723'JI.Hl J
!).ij3U.B«2
:i.lll,l'<»2,137,130
:• i:i.'_' 17
..»ti, 7,i'2,io.<i.21« 2,723.311
., ,M.9tl 321.1tl«1,511,127' l,5-*l»,00-i
3,707.075 3,314,4011111. !17 952, M8
-8,«tll,001ft12,l«0
2.022.M477.-,<i,l8,l»W,i,,i-.-)il8.-292,8 16
HH-i] 9,220,6001 9,lie,010
20 1.9.121,112..->11
.160|
• M^ixlrairanaaer. f tasladlOK West Bbors In 1886. ; AndbrancbM.• In tb« Jiilr and AOffaM llxurti, for purptxes of couiparlaua. 8'.
IxaU A Cairo, uow 0|«ratad bj tbo MobUa A Oblo, la Indudod In botbfoacp.• PVCWM of n> mine* for laat rear bava been B4|iuted ao aa to make
b*>*< nr e.1 >i Mtii M.n Ibe same aa thl» yitar.
e ?r<jt laelitdiaii tannaga ut New York Paooaflraola A Obl.j.
BOADS.Latetl Enmingt Itrporletl. Jan. 1 to Latest Date.
WeekorJto, 1886. 1885. 1886.
rulyI
<e|iteiiib<-r.
It'i wkSi'i.l3(1 wk Scj.^Ih wk^*, I't
PitH.Cin.,t8t.L.Kiubu'd ADaiiv.Va.Mldl'dDlv80. Car. I'tv
OoI.AUr.birWaat.Xo.CUi\
Bt,Jo.AOd. lal
8t,L.AlU>i'Ar.UBranchefi
at.L.A^ttu.t'niii. ItliwkS I't
8C.PaalAI>ulutt. liii\vk~<|,i*t.P.MIn..VMan. Si-i.tciulici.
Sc'O'O VallpJ- ... AniT'iKtBbennO'laiili Vii
|\>i» st
SjuiD t ^rullnaSi..P»C.O>nip*jr'Osl.nar.AS. \ Ijiily...
G."' ' •'
L.'
M.N. \ . i . ,v .>i,-\
Fox. * N. >jri.|J ily
TV>t.At.8viileiu J.ilyT..-. r, .'Sri.. July
if.. ..'July
8396.52.'?
36B,:'ta716'<,2405 .5640.72i>
.16 (ill
2li,:!23
27.,'-.it;
2:t.:i7o
II
JAugilal.
'Joiv.July...July...
. Jill.
.;ll.
.So. I>lv.
Till.
I> V
I
;j..ly.,J"iy.iHlV.
<'"t. X Kt. lA
nbcr.iilwr.
Ill w I Sept
1^4
^23.:i:i7
76,o2."i
* I
298,117,373.0S3I167.301180,1.50'
63,400,4.1.866182.911127,111121.61151
132.407'53,100
717,r17,69,82073,693
1883.
2.178.319•.'.8«6.2'.'l
1,128,93353.1.392110.161391,2 9837,618866.5615'-'7.0SG
3.381.7331,019,382
82,213.1502,823,8151,141,190561,1154.11.161345.246772,304871,^26537,020
3,066,176917.139
57h: 4,95.VIH4^ 4,060,80818rti 121,108'
4i>*,ni672,320
23«..17fi 231.163' 1,169.8153,280 9,093, 26, 00
5«,802 42,5ri0l 317,267271.113 250.419,2,223,3 1513,41 • 24.000; 78,.«197,4:11 83.4311 5K383
681.61.1 647.700 4.703,«732,035.582 I.H74,345l 12,771,0902,717,197 2,52'2,045 17,475,563
roLA.A.AN.M.lAUKtwtToL AOtilo C-nL 'Sepu-mber.
JulyA .<.i-t..ItllwkSrlitiiik'iat....M wkHaiii
170.O.122'>5.21012«,9«2.1.1,114
91,213571,80038.03233,1187i,H2742.013
2,587,7313.<g,538!217,918
123,681212,H26103,957150,817174.160
465.000'35.328
j
24,68761.788123.147
2,320.6 .•lie..157,' 123.18.171 9..T21.41H312.6391 041.411
702,62l,S8t.21909.tl99405,698
3.956,2511,126.229
867,112
30JV12I 26.4' »' 1.027 820
435,812667,822
1,611,823
330,3732,093,413,
53'i;'78S
4675.6aa11,888,41510,501,102
75S,«691,7H 1.517911,3'20402,831
3,508,598735,69l>
Tol.Sl.I. AK.C'Uluu f«-,ll!c.
Wab. eu U A PIWaat J»r»«<y..wlM^nalrt ''.A. It*
; And UrtfcUciitHi.'
New York Cltjr Baaka.—The following statement shows tlia
ooodition of the Aaaooiatad Banka of New York City for Utsweek ending October 9. tRM:
15,774,4888.510,839892.989
1.016.36k
.Maw YorkMaabMlaa Oo.MarebaaU'Maebaalea'
Pbsalzaiir...~rradaamaa'aPaltonObMBiaalMwabaata' Kxaoaallatin Nation^..Batob«r«'A l>r,.T
Maohaaics' A Tr.liraenwiobLaatber tCaqaTn'.'Mranlb Wud.llaU o( N. VAaMTla's Bxeb's*.OaaiaareaBraadwarMarsaBttk.PaaMa ...«.RapabUaCbatbamPaoBlaa'Soctb Aaanea...HaaoTer(masClllaaaa'. „i«»rk«t'."Tr.'.";i.41. NioholaaShoe A Lratbar..Oarn KscnaBaa ...geatlaaXwl,nvlnMs ..•^^..•..lafiMiiB JPlrad.Park.......Nana RlvarBaat RlTarPonrtb National..Oaatral National..SaeonJ .National..Nlntb Naiional...PI rat Natloaalriiird National ...tt. Y. Nat. Kzob..Bowi,ryN. Y.Couutr '
<l..rman- .\ inerlc'n.lCbaaa National...
|
Plflb Arvn.ie|
•ierman Kxcb'ngs.(i«nnaiilaUnited HIataa.....UnoolDDameldPlltb .tatlnnal....H'k of tbR Metrop..Woti HiiieH«a>H«r.lSlzU National....
Aotram Awaaat «/—
t.«aa» anaPOioaaH.
in.7iii.ooot>,14S..H)06.772.4 w
ll.2d5.4lXI2.7ai.OUOt>,«4{,100'4.474.10bl.JlA.nOO
la.ig.tS'Ni3,166.7*0tl.(ltf-.<I.MI
l,^i.'.:UO1.^4;.II0Vl.UKIi.tlOU3,3;;'i.3()0
l.:44 ItMl
S.OvO.VlO19,7il.0OOl(<,-i<l!l 8J0A.1I6.70Utl-M<>,HOOt.lW2..H0ll6,7i8.»()04.;I»0,SU0l,86S,iionS,l4i*.n«oO.U8,7008,r.'9,00<l1,&4».H||03,; 9d 500S.17A.U0Ul,747.'JOO3 tf'^i.lKMS.II5 1.9004.a.M.4U02.II7A (VK)
|l).ftiM,700
18 Hi.TOlll.»Oo.00«l,l"l.»0<'
ta.ftiHOdo8,4I5,IMI0*.ai-6ouo4 e 17,300
l7,7itl.2UO«,0.i9.i<00l.stlt.iooJ.I «,J.3'HI
3..U4.4'I0•J.57o.lJ Kl:i.4.n.j()o.<.2.t7..'i)o
2.ir'. >o()li,ai»j.uou
i.u.&.noo2.«4t.ftilOI.HH.HK"l.J.ia..i*:
a. <tii..i'.n
'.,5HI,7.M>I.H7 1,000l,7SI.UU0
•1.640.0001,77.1.000
l>&3,Hilfl
1 .eaii.ooul,»42.tlOV51(7.00(1
i,ii2.Hac>3I5.HN)71.O.70I"
10.07H.0<X>tHJ.tlUO
1.(144, 1.KI
40l,7UOlUIS.UOO1 :46,tUUTOO sue',<S9.9IU627.81(0
3.240.000V,iU1.4il0
K7'i,-i N)1,123. too671.700
l.'itf.ftUOl'2O,70O3»4,v«a581,200
t.iC^S.OiMHHK.tOO45 '1,800
24«,5J0Ml.UOO807.1008.13.00076t.tlaO
l,Olr-,'iaO171.010
4.4.H>.tfOO«,844.'iU0
1 ,3,00013J.H0O
3.53MU01.447.0007 1 5,000
l,172,SaO4,158.900l.OIW.SUO2Utf.8.IU1411.8004'.<».1<J0a4X,500731,1007:e,»i."j270.000ld'.700071.800403.400)< 6 1.41102H..4)l)Ti/.i •:ih>
4<'4 t.OO3.17.500102.000
iMalTmitt.
402.000au.oooMiH.sno373.000386.HJ074.000
2*H,000151.800P.t.llNI
3l7,tlMI1S7.800310,0008>,H00
SO7.0UO127.H00H.'.'iOO61.300
132,'008411.000
1,122.10014S,4IIOS49.HOO18^,000235.100941.V0014S600III.OOO403 60017o,iool»3.7n«l24.<,.^0U15l,i>0<i3H.100
206.000l!.e.0001187.600343.000
I 2dl.l001 IJS,800'148.00098 300
790.700511,0001(74.000Sei.lKM560,8(10270.'3OO114,4004-;3,700309.8008ll,H00
axe.woo7.<,500
3 i'',(ia<i
«8;,H0021.SIKI
3' U.dOII1MI.8O0
l'Jll,-i<>0
204 6)0SKii.ino9280'!90,OilO
othtrMm U.B.
•B..1WJ OO"9.09.1,0011.•.eio.iot7,>os.oo<9JU.I1,H.I<•i,4f2(lO'
10,«7.1.Ui)(
3.0>ft '.fiH
t.87H 'JJ<
23.495 -2(8.
3.tl'4.1(l<'
S,7U.4.M.1,847.^0(1l,703.<HH.1,13 ..S'h
3 8«'i 90(l.I08.9(l<3.6o.t.HU0
t3..M8.0(KI1..«««. 4.8/4,1(19 1(10
6 7;».liO3 d.'«.7oll6 931 7lO4,803,00113 3.4I.3<M>3.097 8m
^.uI^U llilC
l.OI.MlllO3 3-3(HMIS.I 33 6006.418.1003,'C20.100
9!.64.>,.'(M)
l3.31.<.«i<03. 107. (MM944 7(H.
I7,'«8.9i8i8,7'22 0<N'8,721.000»,0'27.80(
18,ltf3 UiMl6.13H.1, uI.lHtf.KlK3.248.SH•2.88 •.'...I
3.I9'1.:!H)4.'2<)4 nio3,351,5003,Hm.,40l>3.91«.I1M)4.0 -"3 2JO;t,38J,(>00l,6H4,lllrt
1,434,1004.0I'1,A<H)
3,|>V1,5 K.
I.»>i8.7.«l
1.901,000
Omil..tioa.
I'stf'ooi
ei3.iof304.308
eicSoS44,700
BM.eoo4*.aMts,oci
440,700
4S:M!i
46.00844,600«6,0M134>M
't4'mi18»,0i0
•'Vital .... 8tff,19».70o74.0»».0.W» 18 670.10(1 346 76(1.3.81 8.164,440
I'be tollowinic are totals for several wweas \nun.
188S.
Be ,18• 16
Oct, «
887.307,600837,48.1.700
SvMW.
74,093,3007«.8«'i,'.Oi)
84<),IB6,7OOl74,0.i3,e0O
L.Ttn4ert.\ Dtimiu.
•I
•30,0.48.000 346,77^2..inn
lt>,31 1,000 !H7,"1»^.7()018,670, 100 13 l«,7i1,JOO
ttQ- Oimr'm
8,107,400 R90.38«,0378,138,700 6 •1.73J,088H.ltit.tOO|744.53>,ia7
BiMtoa rtankw.—KodnwinKare the totaU of the F^miod bank»
:
•' -id
Pet. »
i.oaiu. 8»«cic. jL, Ttndtr*.
• 8 8l4l,3m,R00! 9,'!l''.40O a,nH8,70OI4I,.',79,100 |),13n,ti00 H.nSH.OOOI4l.3'i4.n<KI fl0.i4.',4M|l .3.18''.A>IO
Dtp-fUt.'
9i,«47,POO9M.998.70O
4«t,ClMr'fi
s •I1,7(m,10(. 7!l.3 .8,823lB.8<M,',0fl' ..7.TIS,k9l
10'»,«B.VWn0 16,MSAWI •lI'H.Tliy
430 THE CHRONICLE. [Vol. XIHI.
%,nvtstratntAttD
J!^ IX it von, A Ititellifljetxce.
The Investors' Supplement contains a complete exhibit ofthe Funded Debt of States and Cities and of the Stocks andBonds of Railroads and oiher Companies. It is publishedon the last Saturday of every other month—viz., February,AprU, June, August, October and December, and is fur-fUshed without extra charge to all regular subscribers of theChronicle. Extra copies are sold to subscribers of theChbonicle at 50 centi each, and to others at $1 per copy.
T ANNUAL REPORTS.Cincinnati Indianapolis St. Lonis & Cliicago Railway
(For the year ending June 30, 1886.)
In Ilia annual report, Mr. M. E IngaUs, the President of this
company, ftates that the net earnings for the late fiscal yearwere $986,872. After paying fixed charges, the balance for
Btockholders was $352,540, or a trifle over five per cent.
Dividends were resumed in December, 1885, at the rate of oneper cent quarterly, so that three per cent was paid during thefiscal year, leaving a balance to profit and loss of $142,540.
The report says: "This result is very satisfactory when the
general condition of business and of railroad earnings duringthe said period is considered. For the first five months of theyear extreme low rates on sea-board business prevailed.
During the entire year competition was sharp and severe,
owing to light traific on account of short crops. Our chief
loss was in the failure of the wheat crop along our lines.
This not only reduced "our freight earnings, but was seriously
felt in the decrease of passenger travel and the shipments of
miscellaneous merchandise, as people depend largely on thewheat crop for their surplus money with which to travel orbuy goods. Fortunately we had a good corn crop. By a con-servative course we have been able to hold, and in some classes
of, traflBc IncrfaSe our rates over previous years. The policy ofimproving and enlarging the plant has been continued. Sixty-
seven pound steel rail has been laid in the main track, and the66 pound steel taken up and used for side tracks and on thebranches. Iron bridges have been built to take the place ofwooden ones; heavy masonry where the old was giving wayor was too light; ballast has been distributed in needed places;
new equipment has been bought to replace old and worn out."* * * "The directors, taking advantage of the present lowprice of iron and labor, have closed contracts for the renewalof the remaining wooden bridges on the main line with ironduiing the coming year." » » *
" During the year, the directors thought it a good time tocommence refunding the debt of the company in a long- timebond bearing a low rate of interest. Upon the lines ownedand controlled by the company there were of every kind andname, nine milJion dollars of bonds, all bearing seven percent, except $1,180,000, which were six per cent. They weresecured by seven different mortgages, none of which coveredall of the lines, and «ere due at different times. This madethemi an undesirable bond for investors to hold. In additionto these nine millions there were liabilities of branch lines, for
which this company was virtually an indorser, outstandingfor about $300,000. A new mortgage covering all the lines
and property of the company was prepared, securing tenmillion dollars of bonds at four per cent, due in fifty years,
interest and principle payable in gold. As this is a long bond,payaUe in gold, and of unquestioned security, it is a desirableinvestment for estates ana trusts. Provision was made thatone million could be sold and the proceeds used by the com-pany for new equipment, payment of the $300,000 heretoforereferred to, and lor payment of the old bonds as the directorsmight detftmine, and that the remaining nine millions thouldonly be sold or exchangtd upon the payment and surrender ofan equal amount of the old bonds. One million of tiitse weresold in June last at par, to be delivered in August, and theoperation of exchanging the old bonds for the new fours is
now being carried on."The outstanding bonds, as previously stated, are due at
different times. It is believed, however, that they can all beexchanged for the new bonds at a fair premium. When this
is accomplished, the interest charge s of the company will bebut $400,000 per year, a saving of $224,000, or 3 per cent onthe present stock. The sale of the first million has furnishedmeans wherewith to pay a large amount of premiums, but if
the exchange is pressed at once a further sum will be required,for providing which the directors will at fome future timelay before you a plan. The directors congratulate you uponthe improvement in your financial condition during the lastyear, and upon the face that your credit is so hinh as to enableyou to sell a four per cent bond; this satisfactory positionbeing attained, as they believe, from the factthat the companyin the past three years baa devoted the net earnings to tlie
enlargement and improvement of the property instead ofdividing them, thus creating a basis for credit ; and to thelocation of its lines, which insure it a fair business even indull times."A contract has just been concluded with the Illinois Central
Bailroad for an entrance into Chicago and tern)innls there forlUO years. By ihis contract the company obtairis the rij^ht to
- manage its own affairs in Chicago, naming its own rate-s andconducting its own business, and paying therefor a percentagejof the gross income of the business to and from Chicago over
its line, the contract being especially favorable from the factthat if business is dull the payments will be light, and if goodthe company can afford to meet them, and, further, theIllinois Central Railroad has very large and very convenientgrounds in Chicago, and within a few months will have adouble track the entire distance to Kankakee, and is alreadyusing six tracks for quite a distance out of Chicago, thusgiving every facility for the conduct of your business.The comparative statistics of operations and income, and the
balance sheet, for four years have been compiled for theChronicle as follows
:
Ol'EKATIONS AND FISCAL RESULTS.Miles operated 1882-83. 1883-84. 1884-85. 1585-86.Operatmnx— 343 343 343 343
Pa-'seiiRers carried.. 918 927 915,721 961,888 894.796Passci.Kor mileage .. 35,997,821 35,*-O8,50O 85,744,758 35.812,992Ka c p. pass p. mile. 2-38 cts. :i-3'2 cts. 2-22 cis. 2-29 eta.Freislii (ton-) moved 1,221.7(5 l,237,tU7 1,44'2,<!63 1,454,881Freislit (tons) mil ge. 129,853,902 13l?,9;Ui,623 174,608,590 172,»41,(>37Av. late p. ton p. m. 1-21 cts. 1-09 cts. 0'89 cts. 0-8.) cts.Bainii.gt— 9 9 $ $
Passenger 832,092 833,066 795 553 729,534Freight I,5.'i8,569 1,439,.548 1,54.'»,129 1,MO,902MaU, exp., rents, Ac. 226,796 225,975 2£.7,177 256,498
Tot. gross eamg's.. 2,617,457 2,498,589 2,595,859 2,F.2e,^34Oper. ex. and taxes .. I,643,b05 1,595,399 1,66>,181 1,540,062
Neteamings 973,652 903,190 935,678 986,872
P. cop. exp. to earn . .B62-80 63-85 63-95 60'94
INCOME ACCOUNT.1882-83. 1883-84. 1^84-85 1S85-86.
Receipts— 9 f $ $Net earnings 973,652 903,190 935,678 986,872rHgburtements—
Interest on bonds 621,159 626,233 624,482 624.234Dividends 315,000 210,000Rate of dividends .... (4i« p. o.) (3 p. c )
MisceUaneous 2,342 5,254 29,045 18,844
Tot. dlsbursem'ts... 938,.501 631,487 653,527 853,078
Balance, surplus 35,151 271,703 282,151 133,794
GENEEAL BALANCE AT CLOSE OF EACH FISCAL YEAB.1882-83. 1883-84. 1884-85. 188n-86'
Assets— $ $ $ $RE. and equipment .. 13,870,456 13,898,461 13,235,634 13,272,936Sundrv securities 745.415 1,321,215 1,847,356 1,885.006Materials, &c 140,725 92,195 44,768 97,787Sundry accounts 79-3,767 5^1,491 614,428 712,054Casbouhand 30,910 34,154 ll,>--27 38.-298
Total 15,580,303 15,927,516 15,754,013 16,' 06,081LiaUlities— $ $ * $
Stock 7,000,000 7,000,000 7,00^,000 7,00,000Funded debt 7,633,287 7,454,500 7,445,500 7,430,000Bilispayable 312,.59l 469,218Acci.imts payable • ... 19-,379 210,H17 132,829 2-24 755Unpaid in erest,&c.. 62,130 57,505 5-<,2d8 66,115Simdry accounts 19,971 110,13^ 93,258 127,-278
Piotliandloss 353,645 62 >,348 1,024,139 1,157,933
Total 15,580,303 15,927,516 15,754,013 16,006,081
' Includes June pay-rolls and supplies.
Chicago & Eastern Illinois.
(For the year ending June 30, 1886.)
At the annual meeting held in Chicago the following direc-
tors, whose terms expired, were re-elected to serve until Octo-
ber, 1889: Messrs. H. H. Stevens, George B. Hall, Boston; J. E.
Knapp New York City. The other members of the board are
Messrs. Charles T. Baker, Boston ; E. F. Leonard, Sprinfleld,
111.; Joseph G. English, Dinville, 111.; Stephen M. Crosby,
Boston ; John U. Brookn-an, New York City, and Percival W.Clement, Rutland, Vt The directors re-elected the following
officers : Horace H. Stevens, President, Boston ; Gc-orge A.Ball, Vice-President, Boston ; H. Rubidge, Secretary, Chicago
;
J. C. Calhoun, Treasurer, Chicago.The annual report is mainly statistical, and the remarks
merely state that the equipment has been increased duringthe year by four locomotives, six passenger coiches, two mail
and express cars, 200 coal cars, 100 box cars, fifty stock cars
and fifty flat cars. The road bed and track have been main-tained in ficst-clas3 condition; five and two-tenths miles of
track have been relaid with steel rails, 66.134 new cross ties
have been put in, and twenty-six and a half miles have beenre-ballasted.
The statistics for f 'ur years compiled for the Chbonicle are
as follows :
EAENINGS AND EXPENSES.1882-83. 1883-84. 1884-85. 1385-86.
Earningsfrom— 9 9 9 9Freight " 1,394,580 1,16^,553 1,213,148 1,"02,138Passe. .gers, 281,847 284,«i68 28-.!,-^66 315,-282
Mail, e-xpress, &c fl2.705 110,099 104,6-29 107,144
Totalearnlngs 1,759,132 1,560,320 1,600,143 1,724,564Expenses and taxes 988,942 897,361 955,515 1,011,557
Neteamings 770.190 662,959 644,.598 713,007
P. c. of op. exp. toeani'gs. 56-22 57-51 59-71 58-85
INCOME ACCOUNT.1882-83. 1883-84. 1884-85. 1885-86
Riceiptii— $ $ $ *Netearnings 770.190 662,959 644,598 713,007Oilier income 98,824
Total net income 770,190 662,939 644,598 811 83X
DL\bnrsements—Rentalapaid 199,668 188.750 212,427 211,512Interest on debt 263,774 263,781 301,410 33'.690Dividends (2 Hi per cent).. 75,000MisceUaneous 13,862 21,287 27,780 4,596
Total disbursements.. 477,;04 473,818 541,617 627,797
Balance surplus or def.... 292,886 189,141 102,981 184,034
Octobkr 9, lifiA IITHE CHKONICLE. 431
OKXK&U. aU-AKOS AT CUMB OF BACH nSCAL TKAB.
A—tiM—RB.,bTd'a, rqnlp., Ac...Aoe's A MMh lecalrable. .
.
Mmirtiali. Aiel, AoBooda beMOuhon baniOUOL A E. IIL RR. exc...8tm«n A tnd. St. U RR.Bran. T. O. A a RR. Co..MlnaUuieoaa ttcma
I8?2-83.$
7,017. 1 6a140.18083311
73,479333.40588.6117I2,tt0891,000
1883-84.•
8.723 12 2
109.6807S..^02
1,SS9,46826,426
1881-85.»
9,006,241l-i»,59l83,' 87
479,40^27,204
1886-86.9
,385,2J3142,1066«.J'i0
'235,95628,-81
13.99864,060 40,781 67,903
ToUl. 8,739,309 10,874.276 9,766,972 9,926,354
t,Utb4tMa—Btoek S,BM,3':8 3,000,000 3.000,«'0'> 3,000,000PDodeddebt 4;a68311 6,000,000 6,000,000 (>,i OO.oOOBUIaparabU 85630.5 7<.4,151 17«,85u ll.s.ox)Other aronon'S 306384 228.<B7 20:<.948 •Hii.:'ii7
Ooopa. A nn'-Ulm<><l dlra. 47,748 18.371 1.^.1M1 ig,:<i3— ellan-ooalliiblllUca ... 39,404 V^^ 41,972 30.027733339 904.002 331,013 515,047
TotalUabOlUea 8,739,309 10374.276 9,766,972 9,026,354
* iiK'-M^f 9300,000 l<t cooaoL bond* on band.
0aMs r» Ballraad Comfay I
Ikf ulartiial aad nianM* of all tb« flnii toangtgn I
mhrntttmrt aadar atraalar &h, laalodlDc b<ith tba {
PMHwifcoM ior ibeawMbcn Kaaaaa TUIIwaj Cm
I
GENERAL INVESTMENT NEWS.Atrh Imm Top^ks M SanU Fe—The company has issued a
mpplementary circalar to circular No. 58, relatinz to the8oatbem Kaoaas Railway CompAoy's lines. It is addressedto the stockboldem, and aaj« :
** In circular 59 It w>a anaooaccd (bat tba Saatbem Kantaa RillwajOooipaD; contcmpUtrd tba eoaatmrtloo of a Hue aiid bmnrb ttaroimli
tbi» iDdUn r>TTlti>rr. 'ba mala IIb« mnnlnic from Arkanaaa C1t< louth-atly m tbe dlnx-iloD of Deniaoa and Port Wurtli,ard the branob ninnlr.Ktraa Kluwa oo Ilia ronibrrl} bottler of Kaeaaa, MWtbwrstprlr In Die ril-
Msttaa of Wolf Creekjand tatotbe Pan-Handleof Trxaa. Ii has api>rarrdthat Tar7 InporUMil adraaiacaa can be ububied by bavlnic thr pi>riliin-
•CtkabraDea Itoata tbe Pan-Bandle ofTrxaa built by aTriaa cori'orattai; sad tba aBagraaeat. after tarrmi con>t<lcmiloa nf tbe mii'Jfi't.
aad aader tbe advlee of tbe rnannel cf ibe cr>ni|>anT, barx iln lil,?il toadopt tbl« mar>r. An aoxtllarr corporatlno ralird 'TbeSuutlii-rnIfaara' Kallvajr ('•mpaar In Teiaa'l* aecordli KI7 bclog orKanlZ'dadar tbe law> ut Tnxaa for tba purpi-ae of bnildlux tbia iwrtlon of tbebaa, wbirb. «b«a esMatalta. trill b* kMed to tbe H<>uibern~
Ballwajr Oniiafcr. TMa airaaffamaat «UI nrcefsluteuit't: or dtl&nat trat Bottgaca boads apnn tbr two pur-
lof 11 : hnib laaoca vUT ba Uialiad to $l«,i 00 ix-r milc.BAd will > III all tbair proTiahma. Tberoad 10 be tinllt In ilin
Faa-HaD'' "> will paaa tkroach aa a«neali<>rai and K'a/lngW(IOB wblcti la : u ly equal to Ibe eoonlry Iniaelidlan T>'rrit..r\ tra-
Taiaed by Ibc Oulf Dlvulon of tba Buutbem Kanua Kailwuy <' <tu|>un>.
Bat iBorillrr that tbaaabaertbeia may b^re no leaiioii i" <<>rii|>lnln tli.it
tka aasoritlaa to be raoatTed br tbeia era lt«« ii.in tlKuui
aaaovMed la altnilarbS, or oC aqaal value. 11 - Tn|'<-kaArkasdeodad to Rnarn -. paymrnl or
» lK*ail* tu b*^ lMtue<l 10Siat nioninurp (iuir
^ CHDiMny anil ibn nr»tattmya batadaof tba flDotbarn Kanaaa Railway Cmpany In Trxaa.Baafc Mmaer ttirr wUi raceire tbaM intantnierd ar>t nM>it<a<" b<indalntba pinMttbNi of V700 of tba Boulbem Kanaaa Railway Compaur'aeairOlTtcloa booda and ^JOonf booda of tba8aatbaniKan>a« R.iUwayOoailMaria rexaa for carta 4 1 .000 anbaerlbad. Tbe looi'nie Ixmilii 10be taiaail andar rlienlar in will all ba tboan of tba Boulbrrn KaunasRailway Cofnpoay, aa 01 Ucinalty aaooooocd."
ClrTeUid * a arietU—Taller (O).—The aerelsnd & Hari-flttA Railway Companr aanoaooM that the aAMaameiita of thebondboldcfa for foracloBars ezpeneea, under the agreement of
Jan. 15, 18M, will be returned on prceentation of the rereip s
At the Mrtropolitaa Trust Company^ office. The reork anizatmnof the road hae he*n oompletcd.and J. K. Nash, A. T. WikofT,A. J. Warner, M. K. Jesup ana J. W. Kllis have h<«n t-KH-tcd
director* of the new company, with A. T. WtkotI Preeidentand Maoaicer.—It is reported that the consolidation of the dereland A Mari-
etta and the Valley roads hae been practically agreed u)i«n,
and that the stock uf the two compAniea will be consolidatedon A fair b sis after tbe link whicti is neo Mary to connect the,
two roAds baa been built. The capital stock of the Clevelandft Marietta ia $1,547,000 and the funded debt amounis to amillion more. The Valley has a capital stock of (:l.2.'i7.397
and 11,600,000 of fint mortsage boiids.and an authorized isauo
of $4,000,000 more of oanaoUdated bonds, of which less thantl,000,000 baa been iamed.
IIllAofs HUlaad.—At SpriuKileld, III., September 80-
Special Master N. W. Branson sold the Illinow Midland Rail-
road under a decree of foreclosore of mortgages and the dis
charge of the receiver's indebtedness. Tiie Sc Loain Globe'DttlMeral says : "The entire line is 107 miles in length, andmade np of thr>e original sections, known aa thn IN'oria
Atlanta ft Decatur, the Paris ft Decatur and tbe Paris & TerreHaute. Besides the three mortgages, one on each of these,
there was one blanket mortgage, oorering the entire line.
The thrre ori(cin«l mortgages upon the seciTons named, weresold flrat. That »n the Peoria| Atlanta ft Decatur section was•old to K. K. Dow for $274,250 ; the Paris ft Decatur section to
Sfanon Borg ft Co., New York, for 800,000 ; the Paris & Tertc
Baule sectkm to H. Crea. of Decatur, for $40,000. Mr. Dow,who Is of Clareniont. N. H.. bid in the interest of Borg & Co.
,
and a syndicate of New York bondholders of the middlediriaioo, and Crea* in the same inttreat—that is tbe interext of
the Paris ft Decatur section, so that by this sale the Borg in-
tareet now has control of the road. Six engines were nextold for an aggregate of $0,575 in the same interest, makingthe entire saie $I,1M,036. Then the entire line, the IllinoiH
Midland road, whs put up under the blanket mortgag*', andWW knocked off to tbe Borg interest for $1,127,000, or jiiat $175mora than tbe aggregate of the amonnta realized Irom the
flntale."
Lake Erie & Western—Mr. J, H. Cheney, Receiver of theLake Erie & Western, filed the report of that company for theyear ending June 30, at Columbus, O. The total earningswere $1.194,010—$286,980 from passenger service, $749,390from freight, $35,3^1 from mail, $34,000 from express and$108,859 from other sources. Operating expenses, $1,009,374;rentalp,$30,574. Uet income over operating expenses and rents,$154,161. Disposition of resources: added to surplus fimd,$81,649; construction, $15,963; equipment, $56,549.
LooIsTllle EraosTllIe ft 8t Louis.—At EvansviUe, Ind.,in the United States Court, before Judges Gresham andWoods, this railroad was taken out of the hands of thereceiver and turned over to the nyndicate which recentlypurchased it. and the consolidation of the companies inIndiana and Illinois was te be made forthwith.
LonisTllle & NashTllle.—At Louisville, Ky., Oct. 6, theregular m"»-ting of the stockholders of the Ldtisville &Nishville Railway took place. The ballotins; for directorsresulted in the unanimous selection of th>i following board:John A. Cijrter, Freiierick W. Foote. J. A. Horsey, John H.Inmin, Auguitt Belmont, Jr., Arnold Marcus, E-kstein Norton,J. D. Pfohst, Thomas Rutter, J. S. Rjirers, Milton H. Smith,John D. Taggart and J. B. Wilder. The only change is thesubstitution of August Belmont, Jr., of New York, for J. H.Lindenberger of liouisville. At the afternoon session of theboard of directors Eokntein Norton was elected President, tosucceed Miltnn H Smith, who h&<< held that position for twoyears. Mr. Smith was chosen Vice-President, Mr. Norton pre-viously holding that office; the titles of the two were simplyexchanged. *lt was done at the request of the foreign bona-holders, who thought that the chief financial officer of theroad should be in New York. The headquarters of the roadwill remxin in Louisville, and M'. Smith, should he acceptthe Vice-Presidency, will retain the general management ofthe road.—^Tbe groas and net eamingB have been as follows:
. Oron Xaming: . . jrt Ettmingt. .
1880. 1H85. 1886. 1885.July $I,3.S9,774 •'..057,333 «5«ri,453 $361,445Auguit 1,300.567 1,077.487 505.340 400,452
TotalSmontba. •2,460.341 •2.134,819 •1,051,793 •761,907
Amount paid 'for construction in same period in 1886.$60,437.
Marietta ft North Georgia—The entire line of 130 miles is
now completed to within twelve miles of Murphv, The netearnings of the road (gross earnings not received) were $7,-130 for the month of September and $13,4.59 for the sevenmonths—March to .September inoluaive.
Mlssoarl Kansag t Texas—Messrs. Heinamann ft Co. ofLondon, repre«ieniing a synoicate, are reported as buying fromthe Miaeouri Kansas ft Texas road $1,700,000 of its 6 per centgeneral consolidated mortgage bonds. It ia stated that theprice paid was a shade below the market.
N. T. Stock Exchaage.—The Cincinnati Indianapolis StLouis ft Chicago Railway Co. ssks the Stock Exchange to list
$1,255,000 of itH $10,000,000 50 year general Ist mort. 4 percent gold bonda, dated Aug. 2. IHJiiO. Und- r provisions of themortgage $l.000.000of the bonds sre sold for cash and theremaining $9,000,000 are to be issued only in exchange forbunds of prior liens.
The Northern Pacific Riilroad Company a^ks to list $1,000,.000 additional tirat mortgage railroad and land grant bonda-These bonds are issued on 40 miles of new road in WashingtonTerritory.Tbe St. Joseph ft Orand Island Railroad Company asks to
li*t $4,600,000 capital stock.
PeanjlTaBla.—At a meeting of English holders of Penn>iyIvn^g_Railroad securities in London a resolution wasaidOpwrdecliiring that the time had come to distribute amongthe shareholders a portion of the company's reserve funds,and declaring also that the directors of the company ought toagree upon some definite principle of division of the futurenet earnings of the road.
Philadelphia ft Reading.—Mr. Austin Corbin. the Presi-dent, has been appointed one of the receivers of this company.In Philadelphia. O.tober 8, the U. S. Circuit Court granteda decree nisi in the Ro>iins3n suit for the foreclotture of theReading Railroad property under the general mortgage.Under this decree ninety davs is given the company to effecta settlement with the general mortgage creditors, and in thattime an effort will be made to secure the acceptance by thebondholders of an amicable adjustment under the reorganiza-tion Bciieme of the truitees. In the event of a failure to ac-complish this, the Court will then iaaue an absolute decree andfix a date for tbe sale of tbe property.
Tennessee Coal & Iron Co.—A press dispatch from Nash-ville, Tenn., said that at a meeting of the stockholders of theTennessee Coal, Iron ft Railroad Company, the purchase bythis company of the Pratt Coal & Iron Company, the AliceFurnace Company and the Linn Iron Works of Birmingham,Ala., was consummated and confirmed, Thid action baabrought together under oum managem nt a very large andValuable coal and iron property. The report states that theprovisions of the consolidation put large capital in thetreasury of the company, and provide for the building of five
additional furnaces of two hundred tons daily ctpaciiy each,aad the building of 1,000 additional coke ovens. The combiner
432 THE CHRONICLE tvou XI III,
properties now have five furnaces and 1,500 coke ovens inactive operation.
.Texas & Pacific—The announcement ia made that the"Wistar Rfornanization Committee of the Texas & Pacific Rail-wsy Company has secure 1 these deposits in favor of IM plan ofneorganizaii- u : ConBols, $9,197,000, coupons, 11.040; RioGrande Division bonds, $12,29>,000, coupons, 45,690 ; N. O,Div,, $6.289 000, coupons, 6,6u0; terminal bonds, |3,774,000,coupons, 60 ; land K^ant incomes, $1,716,000; stock, 298,774sbaies; scrip, $164,230. Thin gives the committee a majorityof all idEues except the incomes.
Toledo Cincinnati & St. Lonis—Toledo St. Lonis &Kansas City.—At a meeting of Toledo Cincinnati & St. Louisbraid holdi-rs, rf cei.tly held in Boston, a resolution of thanks toMr. J. M. Quigley was passed for his great services renderedin the lo g and vexatious litigation pertaining to the reorgani-zation of this company.The trustees who purchased the Toledo Cincinnati & St.
Ij-uis at forecloBUte, and organized the new Toledo St. Louis& Kansas City Company, have issued a circular to the oldbondholders who subscribed to the "Quigley" agreement ofApril 9, 1884. Ttiis circular goes into the history of the litiga-
tion smce that date, and explains each step and the difSculiieswhich attended ihe trustees in their arduous task, it con-cludes with a notice to the bondholdeis that their securitiesmay now be exchanged, and says:
'•Under the terms of the present arrangement, first mort-gage bondholders of the Toledo Cinciunati & St. Louis RailroadCompany (St. Louis Divijion), holders of our trust receipts forthe deposit of bonds, are entiiJed to and can now receive pre-ferred coupon stock equal to the amount of the first mortgagebonds so deposited.
"First mongage bondholders of the Toledo D.^lphos & Bur-Hngton Railroad Cornpany (main line), holders of our trustleceipts for the deposit of bornls, are entitled to and can nowreceive preferred coupon st ck equal to the amount of first
mortgage bonds so deposi ed and 50 per cent additional."At the time of making the exchange you wiii also he
entitled, as coupon stockholders, to a valuable right or privi-lege of subscription to the first mortgage bonds and commonstock of the new company, in the proportion of one block foreach ten shares of coupon stock delivered. The privilege tobe in form substantially as follows :
This is to eerlify that or assiRns entltlpd toTOb.scriiie on October 9tli, and thereafter until November llili, I58 -,
inclusive, for block ot the securities i.f Ihe Toledo 8r.Louis & KauKas City Railroad Conjuauy, each bloelc be n^ made up asfollows : $1,0U0 ot the Ist uiortKHKe bonds ol the T, 8r. L. & K. C.H. R.Co. wltlicouoon ou for interest from December I, l-8fi. $1,00j <if
the couimou caidial stoolj (10 shireo ijiioo ei. hi of tlie 'J'. St. L. & K. C.R. R. Co., forwhich^fl.otOinca.-'hisio b- paid as follows: Tea percentatiiuieof ubscripiiou—40 jier ceut i.u ^oveml)e^ I5tli, IffSH, and 60per ceut on December 15th, I086, wiien the securities will be delivered.All checlis 10 be di awn payalile to Ihe order of • Isaac W. White.Triistee.' S.ibscripiiipu for live bloclis and multiples will receive 4u per ceutOf the bouds ou the secoud payment.
"The new security to which you are entitled in exchange foronr receipts is now ready for delivery at this oflice, and afterdistribution an application will be made to the New YorkStock Exchange for listing. To hasten this time, bondholdersare urged to make the exchange within the limit of timeallowed for subscription to the new securities, namely, Novem-ber 11th, 1886."
Tirginia Bonds.—The utterances of Mr. F. G. RufHn inregard to the State debt were hardly criticized more severelyin London than they were in the semi-southern city of Balti-more. In London, on September 24th, the Virginia bond-holders held a meeting, at which resolutions were unani-moutly adopted urging renewtd efforts for the purpose ofdefeating the present coercive policy of the Stat-», and with aview to obtaining subscriptions to an additional assessment toenable the committee representing the bondholders to carryout whatever measures it may deem advisable under thecircumstances. The London Times says the meeting expresseda unanimous determination to persist in the maintenance ofthe existing rights which have been secured to the bond-holders by the Supreme Court under the Federal Constitutionrather than subm t to the terms of the Riddleberger settle-ment, but at the same time stated its willingnesa to accept acompromise, based upon the available revenue, after providingfor the cunsiitutional appropriation for government, schools,Ac, and without raising the present ra'.e ot taxation.
Western Maryland.—The citizens of Baltimore will voteat the coming municipal election on the ordinance providingfor issuing $l,b00,000 city bond^', to enable the Western Mary-land Railroad Company to p ly and extinguish all of its first»iid second preferred mortgage bonds and the overdue couponsthereop, except such of said bonds and coupons as are held bythe c;ty of BalCimore, an4 to pay and extinguish all the bondsOf the company secured by its second mortgage and guaran-teed by the Mayor and Ciiy Council of Baltimore, and by thecounty commissioners of Washington County, and to providea sinking fund for the redemption of said stock.
Wisconsin Central.—This company has filed its annual re-port for the year ending June 30, 1880, at Madison, Wh. Thetotal income was $1,500,906, operating expenses $1,140,731, ex-cess ^301,8.50 : taxes $.')9,288, rentals |200,521, inteiest $2 r, .-,00;
deficit ii!105,12,'5; miles of road operated 450? passenger earnings$463,8.52, freight earnings $1,037,0.53.
'^hz ([/ommtvtxvLl 4^1me a
COMMERCIAL EPITOME.Friday Nioht, Ost. 8, 1886.
Thpre has been fine seasonable weather in the past week, tothe advantage of regular trade, but the drought on the At-lantic coast begins to do tome injury to late f-rope. Therewas much depression in values of nearly all food staples earlyin the week, leading to a more active export and steadierpricep. A strike of the pork packers at Chicago is apparentlyformidable, embracing many thousand men, but apparentlycauses little anxiety.The following is a stitement of the stocks of leidina: arti-
cles of domestic and foreign merchandise at dites given:
Pork bbl8.Beef tcs. aud bbl».Lard tcs.Tobacco, domeatlo hhds.Tobacco, foreign bales.CoHee, Rio Dags.ColTee, other bags.Coffee, Java, &c mats.8'igar hhds.Sugar iKixes.Sugar bags. &c.Melado lihd".Molasses, foreign hhds.Molasses, domestic bbls.Hides No.Cotton bales.Rosin obis.Spirits turpentine bhls.Tar bbls,Rice.E. I bags.Rice, domestic bbls. and tcs.Linseed bags.Saltpetre bags.Jute butts bales.Kanilahemp bales.Sisal hemp bales.
1886. 1880. 1885.Ocl. 1. SeiU. 1. Ocl. 1.
9,635 11,990 21,139130 1j9 638
5fi,177 36,V35 34,311>43,920 44,821 c 9,0494a,9»8 4.>>,0H 40,813
257,010 282,881 23-j,92074.748 89,800 66.170
11I,B80 64,1100 81,013ye,201 29.832 43,3823,933 No. e. 5,750
2,169,. 65 2,008,249 569,7424 99 4t9 129
1,94S 1,H67 4,503800 500 l.SOO
352.6C0 327,200 138,800b5,2o7 107.»f.9 83,72022.521 16,760 18,1*701,953 2 5h9 2,557534 524 889
3,f40 1?,000 None.2,600 3.2.0 500None. None. 32,5001«,400 14,400 14,68032,500 So.COO S.-i.OOO10.526 4,976 12.0287,101 5,721 16,852
Lard for future delivery was heavily pressed for sale onSaturday, Munday and Tuesday, and prices fell to the lowestfigures thit have been made in many months. Wednesdayand Thursday were steadier. To-day the market was un-settled and closed irregular.
DAILY CLOSING PRICES OF LARD.
Saturd'i/. Mond'u. Tuesd'y.Oof. delivery... fl6 6-12 6.03Nov'mb'r" .. 6-11 6-09 6-03l>ec'ml.'r," -- 6-13 6-12 605JunUiiry ' .. 6-18 6-18 611Febiuary" .. 6-26 6-23 6-17March " .. 6-33 C-29 6-21
Wedm'y. Thursd'y. Frid'y6 07 6-0.* 5-966-05 6-05 6-f>5
e-08 »;-09 61061« 6-16 6166-20 6-22 6-236-29 6-28 6-32
Lird on the spot also declined sharply, but the lower pricesled to heavy porchases for export on the spot and for early de-livery, and there was a steadier market. To-day the exportdemand continued good, but the business don« was at somefuriher decline, closing at 6c. for prime city, 6 10@615c. forprime to ctoice Western, and 6'30@6-35c. lor refined for tlie
Continent. Pork declined, partially recovered, but closesdull at $10 25@ 10 50 for new mess. Cut me its were verydull, until with a day or two, when there was a good businessin pickled bellies at 7l^c. for medium weights, but the close is
weak. Tallow is lower and moie active at 4c. Stearine sells
at ejjc. and oleomargarine at 6>^c. Butter is again dearerand tirmly held at 22@32c. for creamery. Cheese has been dulland closes wfak at 9><@12c. for State factory.The speru'ation in Rio coffee has continued feverishly un-
setiled. There was a sharp decline early in the week, thedistant months touching 9 05c. on Tuesday, followed by a fit-
ful recovery, but to-day renewed activity and buoyancy weredeveloped, and the close was with sellers at 9 75.-. for Oct. andMay, 9 70c. for Nov. and April and 9 65o. for Dec, Jan., Feb.and Mar.h. C>/fTee on the spot has tieen rather quier, but waato-day fairly active and firm, with fair cargoes of Rio quoted\\\i@\\%c. and No. 6 sold at 10=^c. Raw sugars have favoredbuyers, and close at 4?gC. for fair cargoes and S^^^c. for cen-trifugal, 96 deg. test. Molasses dull and nominal.Kentucky tob icco is held higher on reports of damage to the
crop by frost, but the demand is only molerate ; sales400 hhds., of which 300 fur export. Seed leaf firmlyheld and less active ; sales for the week 1,855 cases, as follows
:
500 cases 1885 crop. State Havana seed, li@15c ; I.jO cases 1884crop, do., do., 10(ffil2(".
; 180 casts 1883 crop, Pennsylvaniaseed leaf, 11@ 12c. ; 100 cases 1883 crop, do., private terms;225 cases 1885 crop, Pennsylvania H-ivana seei, ll@17c. ; 300cises 1885 crop, Ohio, 5J^@6V^c. ; 250 cases 1885 crop. LittleDutch. 8;X@93^c., and 150 cases sundrii^s, 6(ao0i;. ; also, 330bales Hivana, 60(a|l 05, and 2o0 bales Sumatra, $1 20@|1 14.Crude petroleutn certificates have been under speculative
manipulation, and close dearer at 64s^@R45^o. Spirits tur-pentine has been quieter and closes ensicr at 37>^c. Kasins aredull. Metals have been quiet, but the speculatinn in block tiawai fairly active today at 2225f. for Oot. and22 37>^(a2a"40c.for Nov, Ingot copper closes stronger.Oc-^au freights are firmer, and business to-day embraced
cotton at 7'32>i. and grain at 4d. to Liverpool, grain at 'A%d.ner bush, to London, and 35. 9J per quarter to Cork for orders.
Petroleum charters are dull.
OCTOBES 9, 1880.] THE CHRONICLE. 483
COTTON.Friday, P. M., Oct. 8, 18S<5.
Ths MOVKMEm or tbk Cbop, as indicated by our telefcramsfram the South to-night, is fn^en below. For the week endinethU evening (Oct. 8i, (he total receipt" have reached 197,16')
bales, against 150.465 bales last week,106,6 )1 bales the previousw«ek and 71,913 bales three weeks since ; making the total
reoeipta since the Ist of September. 1886, 5SG.491 bales. &K>^ini^i
637,S^;bales for the «ame period of 1885, showioig a decreasesince September 1. 1886. of 40.744 bales.
JUctipUat— Sal. iron. rua. Wad. Tk%in. m.1Total
QaXTmUm 4,' 07 8,077 4.IS2 5,133 6,232 6,479 34,080IndianoU. Ac ••• •-. .«•• ... .— ....
Hew Oriewu... 4.981 7.S23 14.014 0,151 5,674 6,471 43.819Mobile 1,35} 1.67* 1.474 95 351 493 5,301Flortda
6,917 7,991 0.50: 6.s'»» 7,919
8658.2 9
865•avannak 47.221Bniaiw'k.Ae. *-» ...• ... ... 1.687 1,6^7
(Aarlmtna 5,739 6,ft53 3,31
1
4,971 5,181 3,<t93 29,7i9
r% Boral.*a. .••. -*. ... .... 52. 529WnmlnRton .... 3,3tiO 2,5 5K 2,134 3.53) 1.303 I,'»H' 12,M3MorehdC.Ae. ...• • >•• .... 104 10
1
JTorfolk l,7l<» 2.7«0 a,ai7 2,112 8 4S>> 1,8 i- 11, 01W«atPolDt.to Oi 500 87-. t.-iJ 1.334 l.OSO 5,3ol»
3l*w York ..• 40 »7J .... .... 613BoatM 3i 112 6) .>.. .... .... 201BaiUmore .--• •••• •••• .... —m* 602 603PbUadalp'a, Ae. 12 .... 21 .... .... 33
Total* thU wank 8T.1»« 87.'»33 S8.rt|t7 2T,»6^ 31.04*0 31,915 l97.1tS«
Foroompanson, iretcivethefolloirinictableshowinxthe weekltstat reoeipta, the total ainceSept.1, ISS*), and the stock to-nigh,,and the same items tor the rorreapoadinK periods of last f^tr.
to
OtL 8.
0»lTr«u>a..
Ind'noU.teHew Orlvaaa.
Mobile....
riotMa...BavaaaahBr'tv-k. *o
OharlMcoart.Baral.Ao
VUiDloftaoWUmtCto
ir.I>iolal,*e.
Hew York...
Baltimore
Pklladal'
Total 19
1HH^ Htock
Thi* StnfStp. Thli titte* 0tp.
Wmk. 1, ISsO. Wmk. | 1. 1885.
SLOSO
1«M.
4J.819 110,0il
0.301 13,596
869 3,944
47.334 190.160
1,<W7 3,687
30,7ft<» 80,07S629 1,317
13.)4a 35J46101 155
14,191 30,151
5,403 7,406613 1,4USOI 402eoi I.SU33 99t
151.172 31.746,
41.10»|
6.6J1I
1.9S:>{
40.96U
i.aa4i
sa.t7«
2iro.tf.'a
5.
1
21.47b9.414|
2u,
1138'
131,53}
791104.318I >,0t>2
4.999?69.5i9
3.31506.7911.0 >«
30.948liO
.%o.:o5
30,0u11-
4»l3719 f-
67.096
65.775
5,6(4
63,305
90,43 V
60019.737
10,459
1885.
53.965
91.ir.7
5,0 >0
9.139
2,083
60.925
. 7.3 J6
2
73,135
97,121
11.198
16,5SU100
91,077
6.310
8.813
5.500
107.1 7H' 39O.3il0
In Ofdef that Cuiup(ftrft»>u luii^ i^* ditvit^ ^i.ti 'icoer years,fire beloir Uw totab at leading ports for w c m-tx*-taa.
we
Oalras('a.Ae.
Hew Orlaaaa.
Mobile....
BavaBDakCkarl'el'n, AeWIIm'gi'a.AeorfelkW. Point, 4M.
ailollian ...
Fat. Uis w'k.
WsoeSep*. 1.
IBn
81'
48,tit*
0,3u4
47.324
30../84
ia,6r;
11.19t
s.iou
4.001
9a6.40I «2 7.23'>
11.109
0,60
1
40,909
24,133e,T28
22,178
9,11
3,036
19i,107
11,V<1
8.7; d
13.1 633.2 J
1
7,H820,138
12,917
7,914
305.313
631.9^•^
08.71113,26
.
42 17929.3172.690
33.4359,604
4,110
7ts.8*:.^
1-482.
3 1.765
31.379
17.0ai
10.115
31,761
5,l7y
3<i,9'.0
11.177
5.636
18il
:0.i9i
49.861
11,315
36.103
24.909
2C,4M6,321
9,851
228.697 300.136 191,056
B<»?.07ti| TJ5.043• K<)7»1. *c.ity Point,* .
UalvoMWD latiliKloa InitUauln: Ui:Wiliuia,(t<ju inolivlae lfureu'acttr.&'
The exports for the week enilinK i.-na evenmif r«acb a roia
of bU,.*>16 bales, ol which Ti.J-il were to Ureal Hntiin. i.OJD
to Kraooe aad lO.SOi to the re^tof the Continent. lidiow areths exports for the week aid siace September 1, 1-iSJ.
(VtUk amdun Oct . 8 mm Apt. 1. laM. b, (A:: 8. i-lSO.
MxptrU/nm-
a*POTt«t b>- Bx»nrU)t b»-
tfrcol Obtwt. Ami Onat OllUUfrow ITMk Mmul
IW.^IO ~»!iv>
Mat. Ttet.
Oel*e»wa 2>i«0
tfow.mm.. ULIM M,MI S1.M1 11,110 I.UJI 15.l!«
Mobile ..*•..
norMe. .... ...... .. ..
aavwtaak t.K* 6.1TI IT.W) .. .. V.4S» sn.oao
CkadMMa .. n.'Ot 3.t40 1.100 X'Wl* U.I w 1I.SI0 I.-IOJ I :.•);!.
WUmlacton... 1.119 1110 1.4*j 4.41*^
Horfol* 8.-.»t .> >>. 9,7j1 «,7}l B,7J1
Weal t'olatUke
Hew Tofk luiii iisj Mia I-. ii > txmt 7.WI 13.S00 SI.Ul
asatoa. l,Otl ... 101 i.it« «.irtu .... 4711 H.ti'l
aMaofe MK .... MO i,ie< 7.»in *6i T.IK
PUlMM»1k.*c i,>oi UU» t.W .... K.OUl
ToUl 7M*S wso 10J«3 iie.Sl>i ina.im tlfiH 81.SSV M 1.883
ToUII»«... se.Mol Ul,*l» tx.ny »JJ» 1 tl.nW is7-a IW.1I*. 9I)I.<W1
1 1 addition to above exports, our telegrams co-night also give
as the following amounts of cotton on shipboard, not cleared,
4t the ports named. We add similar figures for New York,vhioh are prepared for our special use by Messrs, Carey, Ya!a* Lambert, 24 Beaver Street.
Oct. 8, 1
NiwOrleansdobUeCbarleatonSavannah9alveaton.. ....
ilorfolk<few YorkOther porta
On Shipboard, not eleared—for
(treatBritain.
Total 1886.I
rotall8851
total 1881 1
bnx. IOther Ooatt-
^<"^'fbreignl wiw.
15.411Noiip.io,a «>
2i,20019.l>3J1,5009,U0U8,u00
36.017
70. ''89j11,520
I18,903
78,6J3 ! 5,892I 38,291
7,359 I
Nona, i
None. I
Non«. I
5,669Hone. I
1.3iOiMwe.
7.311Nouo.I,3u08,1<^0
863Hone.6.800None.
11,328 , 27,809
635None.1.7003,6006.1103.000None.None.
15,345
11.83813.614
Ibtol.
30,719None.16,10034,:i
32,5804,500
17,200s,goo
143,529
116 2%C131.430
LeawlnmStoek7
35.0265.644
31.13549,10331,5165,959
74,33724,388
263,650
214.131229,764
The speculation in cotton for future delivery at this marketopened the week quite depressed by the unfavorable foreign
advices, the good weather Sjutb, and the increased movementof the crop, not only at the ports but at the principal
interior town?, and prices steadily gave way till theopening of Wednesday's busiiness, when they were fully
20 points below the bedt figures of t:ie previous week. Thencame a slight recovery, due to a steadier closing at Liverpool
on that day, prompting the coveriug of contracts, and en.
couraging aome manipulation for an advance. Yesterday afirmer report from Livc<rpool caused an early improvement,but it was quickly lost under salts to realiz;. To-day the
market opened weak uoder the adverse Liverpool report, andfurther declined when the free interior movement for the
week bacam.i apparent. Cotton on the spot was quite dull. Asmall demand from home spinners alone prevailed. (Quota-
tions were reduced l-16e. on Monday, aad again to-day,
middliog uplands closing at 9i'gC.
The total sales for forward deUvery for the week are 397,900
bates. For immediate delirery the total sales foot up tins week2,538 bales, including— for export, 2,533 (or consumption,— for speculation and— in transit. Of the above, — bales
wsreto arrive. The following are the official quotations for
•loh day of the past week.
OtL 2 loOct. 9
DPLANDS.Sat. Ifon Taea Sat. non Tnea
Jrdln'ir.«» 6^IcnctOrd.. 7»i4
StrL.1
»t.- .. , : ,„tilddllDK.9<jud .MidSrr.U'dMld loJi,.Ml4d'KF»lr,10*|,Fair 'lU,;
9>i91^
Ordin T.9*:icrtotOTd .
.lood Ord .
Itr.O'dOtdU>w HIdd'KMr.L'wtua"'tllljt"!"•food Mid.Sir 4*4 Mb)XMd'B FallPair
BTALNKC.
Ojod OrdlnaiTa^ot iiixxl unllnarrUtwMiddUngMuMlhK
Ws4| Th.
7h"
IV9«t9^,»9'a.a
10•m
MlBKKT AND SAI.E8,
The total sales and future deliveries each day during theweek are indicated m the foUowmg statement. For tne conroaience of the rtsader we also add a column which shows at a{lanoe how the market closed on same days.
SroT WAaKKTOLoaau.
Sat.Hon.,roe*.!*i>d .
rinr»m..j
lotaLl.
•Jilct»iiiot•.{'lleMiI. If itru.,
>l lift u id Bk^y .
ill >ti^alftullisilec..
aii.cs or af^>T aku tramit.
Mt- Con-1SpM-' Trail
porL tHmp'ul'fn
: 372.' 806.' 612• -I'M
. 2.1(381
,il, rolol. Salet.
3723011ei2I Id413373
Deli--
43.00077..50OOil.700U1,8JU5?, too82,j00
1001,')00
4001007C0
2.536 397.9)01 3,.^00
The dally deUvenea f^ven abors are aotuaUj* duUvered the darpr<-Tiiioa to thai uo whlcn tner are reported.
^^
Thb Saleu and Prices or Futcbbs are shown by the follow-iog oumiirehensive table.
434 THE CHRONICLE. [Vol. XUn.
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cocc0.,
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coco ^66 2
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coco 2MMm^I e«
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coco otoO-COtO~4
= cop-
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cocoHeCt-l CO
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COCOCDCCOCOto®CO0.0 1^
coco 5coco 2CofcO **
I 951;
totoccococoOcbMlU CO
coco 5 coco 5COCO £ i^"^ 2OD^M*< toco ^I 9r: I
9?*:00 CO
COCOO® rCCDOCOCOi^®C0 pp'~'p-COM CD com 1^
coco 5iboo 2coco **
I9.«.
cocooco1^1(10^p-p- to
coco 5n,^ 2MO "I ep:COCCoCDK^l^Oi^tito M
cotp 5oscn -<
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cecDgcp
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coco 5
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coco 5eoi^ 2coo "^
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coco IJ
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cocooco coccotop-o>iOri
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cocoCT'CJt 0«0i
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cocooco CDCDOCO
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coo *<
coco 5cJ»oi 2
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coco 506 2C0O3 •<
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b
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coco ^^^ 2Iok;
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* Inducleg sales In Heptember, 1886, for September, 42,900,or We tittTB inolaaea in cue aDove cable, and stiau uuutlDne each
week to give, tlie average price of tntores eacli.<lay for eacli montb. ItWill be found under eacn dav following the abbreviation " Aver." Theaverage tor each month for the week is also given at bottom of table.
Transferable Orders—Saturday, 9'20o.; Monday 9'20o.; Tuesday,8'15o.; Wednesday, 915o.; Thursday, 9-10o.; Friday, 9-05o.
Short notices for Oct—Saturdajr, 9"llo.; Monday, 9'15o.
The foUowing ezchangeti have been made during the week:•50 pd. to exch. 900 Dec. forJune. I -07 pd. to exch. 100 Deo. for Jan."06 pd. to exch. 100 Dec. for Jau. | 06 iid. to excU. lOO Oct. for Deo.23 pd. to exch. 500 Deo. for March 1 -lO pd. to exch. 500 Jan. for June.•02 pd. to exch. 1,300 Oct for Nov. j
'08 pd. to ex. 400 Mar. for April.
Thk Visible Supply of Cotton to-night, as made up by cablefend telegraph, is as follows, The Continental stocks, as well asthose for Qreat Britain and the afloat, are this week's returns,and consequently all the European flfores are brought downto Thursday evening. But to make the totals the comnlettfigures for to-night (Oct. 8), we add the item of exports frcmthe United States, including in it the exports of Friday only.
1886.
stock at Uverpool baleB
.
3 4 s,000Btook at London 23,000
Total Great Britain stock
.
371.0008tookat Hamburg 1,400Slock at Bremeu 24,800Stock at Amsterdam 14.000Stock at Rotterdam 400Stock at Antwerp 1,200Bcockat Havre 108,000Stock at Marseilles 6,000Stock at Barcelona 38,000Stock at Qenoa 11.000StookatTrieste 14,000
iJtal Continental stocks 218,800
Total European stocks 589,800India cotton aflimt for Europe. 53,000Amer'n oott'n afloat for Eur'pe 158,000EKypt,Brazil,&c.,aflt for E'r'pe 24 ,000Stock in United States ports.. 407,179Stock in D. 8. interior towns.. 92.0.^4
Onlted States exports to-day.. 13.300
1885. 1884. 1BS3.39.">.000 504,000 555.00023,000 65,000 44,000
418,000 569,000 599,0C03,300 4,700 2.200
34,200 38.400 38.80029,000 38,000 20.000
400 90O 1.500I,5C0 1,800 5.800
121,000 175,000 99,0004.000 7.000 8.00037,000 36,000 39.00010,000 11,000 8,0009,000 10,000 11,000
249,400 322,800 239,300
667.400 891.800 838,30042,000 86.000 114.000
123.000 163.000 151,0007,000 13,000 30,000
390,390 361.191 515.23869,589 ."^5,971 129,? 9420,833 16,200 22,000
Total visible snpifly 1,337,333 1,320,212 1,586,165 1,800,137
Oftheabove.the totals of American andother desoriptlons are as follows
Liverpool stock bales 183.000 257.000 273,000 311,000Continental stocks I'^O.OOO l.'.3.000 153,000 127,0CO,American afloat for Europe... ISs.OOO l'.!3.000 163.000 151.000United States stock 407,179 390.390 361,194 515,238..
United States Interior stocks.. 92,054 69,589 55,971 l?9,o94.
United States exports to-day.. 13,300 20,833 15,200 22,0(,0
Total American 973,533 1,013,812 1,021,365 1,255,832JBatt Indian, BrazU, <fe.—
tilverpool stock 165.000tondonstock 23.000Oontinental stocks 98,800India afloat for Europe 53,000Egypt, Brazil, ixo., afloat 24,000
138.00023.00096.40042.0007,000
231,000f 5,000
169.HOO86.00013,000
244,00044.000
112,300114,00030,000
Total East India, Ao 363,800 30S.400 564.800 544,300TotalAmerioan 973,533 1,013,812 l,0al,365 1,255,832
Total visible supply 1,337,333 1.320,212 1,586.165 1,800.132Price Mid. Upl., Liverpool.... 5s,6d. Siad. Siiigd. 6%d.PrioeMld.Upl., New York.... gsgo. 913ib0. lOo. 105»o.
t3f The imports into Continental ports this week have been16,000 tales.
The above flgurM indicate an increase in the cotton in sight
to-night of 17,121 bales as compared with the same date of
1885, a decrease of 248,833 bales as compared with the corres-
ponding date of 1884 and a decrease ot 463,799 bales as
compared with 1883.
Ar THE INTKBIOB TOWNS the movement—that is the receipts
fo the week and since Sept. 1, the shipments for the week, andthe stocks to-night, and the same items for the corresponding
period of 1885—is set out in detail in the following statement.
d rt
MI
03to toM 03
COOu to to
VltO'tOMM'tOt^CDOtOO-lCOtOtoc CO X to en en
_tO 1 tOODMtoceMCOM^JCW M^COCnODCnCJ'M' 'c.cj"'a3Vwcn4- toOMenccoto^otooosoo;<ia3QDMtoi*^cnMXM.-"*c;ienCt^^McoMGc^-coMCOtDMO^cn^Ma^cco
00 MCn*. en
03 ! OOM-JMto'x-aen cnoa #.MtoMto oo<i-.'D:tou
)fr-q#. — OMCno'CO-OiOOcrto-JOtocnacof(*^toovcc^03:ttenMencocoD^*. to:^'MCn03M(»^Orf-Cnjt-CO*-COCOC.;0(X).-CO
to' MCn»-*-tD^tOMM.-, encoiucofrcto
M i tOQCM MCni^00 i^oxcDa-oioen 1 oo©coo3Mcn
0;Olr*aO*0*.Di-tOO;W-JQO<ia.GDOicCCiK,'X)aj--4CGotciajc;^^OiOH-oc*:aiMrf^QC<:CQ0y>ij:vi-'®O'-i;»OV*J05rf»-*J*-it.f4-
S"!
I I—w ot ^t cs ** 00 01 C 00; ClwOCODOH-Ott-'vl.
tt-i-OiaaDo^tt^ ooW
Mto t^
en
It.M t-CO
03 Mro IB.
to ^-J it>
toCO
00-qMW MqdIowmosOooCO O CC CO t3 It' *-•
09O kO o<o a: to
CO Ibt wloc
'
O CCC)i*»C
v vi en o> to
o"I-cow»ft**.
CDOO r- »4 CP CD
I <109<JW^M_^M010S
itfcCD-J
to CO 00o oaoo 00o X o> 00 ta-q to to0'.ocira#*'^ccOOMOt-'«-i-**Jccc;tocoo'ODoati^^totocoi-'ipi'Ccoto-')
CO
mm"-' djt 00CDO if*- CO *-!** I-coocoautcoto
COCOCOHCn 10 HH M CO «I^ 09 tO CO 09
w'cd'oO 00 -4 W ^Vo CoVj CO'cCOi W w'-q 00
CD O if'^M m;"Li
i
"^ coif^H-oo^-r-.CD CD ;
I^CO9O0:CCO:en 1 09 I -JOVto»cD«<
"totii"'^ Oio: oi'oj'h'cd'jc cd coVj Vj't.^cooo *
Ttis above totals show that the old inberior stock? naveincrtased durinic the week 33,430 hales and are to-aie:iit 23,465
Dales more than at the same period last year. The receipts at
the same towns have been 13,139 bales more than the sameweek last year, and since September 1 the receipts at all the
towns are 4.^9 bales more than for the same time in 1885.
OCTOBEB 9. 1888.] THE CHRONICLE 435
<Juotatio>»3 rott UsDDidsa (.Jotton at Other Markets.—in the t-tblo lielow we Kive the olodint; <{uotationa of miiiiiling
cotton at itetitbem and other priocipal cotton markets for eachda7 of the past week.
Oeua.
OkWaitoa...NewOtlMiia.Mobile^..!...SatSoaak. ..
OlvtrlMtoa .
.
WUiuln^ton ..
NorfolkBo«tun .,
Balttmora....PhllJHialpkis.AofiwUiMemptala ....
M. Lo-iu
lAdiiTfUa
ouMiite qooTATiom vob MiDDLCia cotton on—
aalur.
9<4
r-
9<i»9>4
9%
re9>4
Jr<m.
9»i«9>a
9^»\»»»9H
9>a9^9««
IWm.
9
»>«9H2."'«9>te»>•9^9>«
W*dne$.
91 la99
8%§'•9>«
9*49%2-9<*9H»>«
Thurt.
9«169
8\8\8's9'e
S'«9>«9Hsag8'.9>«91|9>fl
m.998»s8%8\
9»i«9H9\
S's99"4
BauKiPiB rBOM ths Pi^ittatioiis.—The following tableIndicates the actual movement each week from the plan-tatios. The flguree do not include overland receipts norSoathem con<<umptioa; they are simplj a statement of theweekly movement from the plantations of that part of the cropwUoh flnaliy reaches the market throuKfa the oatporta.
WMk Rttrf at Ou ParU. ai'k at Inurlar tl»<»w«. atewUfram Plomiw
Bft. r.- 10...
" 17..
UM. 1MB.
itjav aum u.tn
18B«.I
KM.
Ncj.7.«7l fUMiS 71 Ul.^ »A3I7
ITJOS
MM.IlaM. lS-<6.
oat.
*>\3H i«,i''" iw: IM IH
Wjta n.isu si.as?
4B,U7 ai.lMI 47.0UlUlti;; «4.S13 73.(W0
>>i i.<ii.ini iu4:8Ki3 irw.Ow.i ^TOJjxS
«iji«i «io.oi»ia)».ue7
..jtal reoaipta fromare 830,006 bales.
The aoore statem^at anowa— 1. i
tile plaatattoaa sinoe September 1, itvi, __.
in 1885 were TOl.lTO bales; in 1S4I were 841.8jj bales.
S. That, althouifb the receipts at the ouiports the past weekW0re 197,168 bale*, the actual movement from plantatioa.i wa»906,087 bales, the faalanoe giing to iocr-aae the stocks at
the interior towns. Last year the receipts from the plantation'for the same week were 910,010 bales and for 1884 they weretn.B94 bales.
AMOOinr or Cottoh tx Stoar Ocr. 8.—In the table belowwe Ktre the receipts from plantations in another form, and addto tnem the net overland movement to Oct. I, and also thetakings br Southern spinners to the same date, so as to give
Btially the amount of cotton now In sight.
Baealpu at the portt toOou 8latettor stoeka od Oat. H In•aeaas o( SepMBbar 1 . . . .
.
Tsk.wislDts from plaotataaastOTStlaaaiaOet. 1~ ' npt'B to Oet 1
TMBllaalchtOot.8.
WortlMni aplnoan' t«kln«s toOct. 8.
1880.
58«,«»1
600.006IV.ttSSsa.ouo
188S.
037.230
7S.B30
701,1702-^,9 luS9,000
701,6il 798,080
121.525 171.770
1884.I
1893.
6J0.959
iM>.f93
631.8.1212.3913B.00O
723.313
139,335
713.889
Il9,7i9
829.624I» aj.i
30.000
878,8 SO
189,209
It wUl be saoD by tbe above tkat the decmaae In unoant In alxbtto-aUCht. aa eompared with laat Tear, la 91,4^ bale*, tlte tltwieaaaaa eompamd with 1844 U 3o,S03 balea aad the doaraaso from la83U 177,218 baiea.
WcATBas BCPOBTB BT Tkumraph.—The weather has beenvery favorable for crop gathering at the South durinf; thewwk, and in cons^uence cot<on isbeing plcke 1 and marketedquite rapidly. The temperature has been rather low at time^,with li^ht frosts reported in portions of Arkansas and Tennes-see, but without injury. In some districts of Texas caterpillarsare doing damage.
timvetton, Tvxat.—It has rained on one day of tbe week,the rainfall reaching nine hundredths of an inch. Averagethermometer 70, highest 81, lowest 57.l*aXtUn», r«Jffa«—There lia* been no rato all the week and
picking goes on nicely. The thermometer has averaged 6-5,
the hixnesc being 89 and the lowest 45.UunUoiUe, Textu.—We have had no rain all the week.
Picking makes good progress. The thermometer has averaged68, ranging from 47 to 83.
DaUtu, Teauu.—There has been no rain all the week andcrop gathering has progressed weU, The thermometer hasranged from 48 to 83, averaging 67.
Austin, T«X(U.—'W« have been without rain all the weekand the work of picking the crop has progressed Unely, Thethermometer has ranged from 49 to 84, averaging 6H.
iMUnn. fKBtw.—Tnere has been no rain all the week.Picking is progressing finely. Average thermometer 69,taigbest 08, lowest 84. " ' ^Coinmbta, 7»»u.—Vr» have had no rain all the week, but
it is too wet to do much picking. Uuch damage has been(lone. Tbe thermometer has averaged &9, the highest being81 and tbe lowest 3S.
Cusro, T«»w.—There has been no rain all the week. Muchdamage baa been done by the recent storms and oaterpillirs,
and erop aooounts are oonaeqaently less favorable. The tber-
mooMter has averaged 89, ranging from 60 to 84.Brenham, T«xa».—'We have had no rain all the week]
Picking is progressing finely. Caterpillars are reported every
where, and it is claimed that much injury is being done.The thermometer has ranged from 49 to 84, averaging 67.
Belton, Texas.—Absence of rain during the week has fav-ored crop gathering. Average thermometer 65, highest 83,lowest 44.
Weatherford, Texas.—We have had no rain all the weekGood progress is being made in gathering the crop. Ththerm meter has averaged 63, the highest being 81 and thelowest 40.
New ih-leanx, Lonisiana.—It has rained on one day of theweek, the rainfall reaching thirteen hundredths of aa inch.Tbe thermometer has averaged 71.
Shreveport, Louisana,—The weither has been favorablefor pickine purposes during th9 week. Worms are destroyingthe crop where not poisoned. The thermometer has averaged63, ran^inK from 46 to 83.
Columbus, Mississippi.—We have had no rain all theweek. Cotton is nearly all open and is being rapidly^athered.The thermometer has ranged from 42 to 76, averagiai; 58.
Leland, Mississippi.—There has been no rain during theweek. The thermometer has averaged 636, the highest being86 and the lowest 41.
Helena, Aricarisas.—The weather has been cool and drywith no rain durinR the week. There has been frost, but notkilling, and no aerioua damage done. Picking is progressingfinely. The thermometer has ranged from 44 to 80 ^Friday),averaging 61.
Memphis, Tennessee.—We have had dry and pleasvitweather all the week, and picking and marketing make goodproKrees. There were light frosts on Saturday and Sundaymornings, bat no damage done. Average thermometer 61,hiKhest 82, lowest 42.
Nas/iviUe, Tvrinessee.—We have had no rain all the week.The thermometer has averaged S3, tbe highest being 81 and thelowest 39.
Mobile, Alabama.—There has been no rain all tbe week.Picking is progreesing finely. Tlie thermometer has averaged67, ranKing from 53 to 84.
Mout'jotnerij, Alabama.—Tbe weather has been dry all theweek, and picking and marketing have made gixxi progress.The thermometer has rammed from 4U to 81, averaging 65.Selma, Alabama.—There hus been no rain all the week.
Average th-rraometer 71, highest 83, lowest 54.
Brmingham, Alabama.—The days have been warm butthe nights cool during the week, with no rain. Picking goeson nicely. The top crop will be poor.Auburn, Alabama.—Thece has been no rain all the week.
It is very dry and dusty. Good progress is being made withpicking. The thermometer has averaged 65, tiieMiigheat being81 '5 and the lowest 46.
Madison, Florida.—Vfe have had no rain all the week.The thermometer has averaged 67, ranging from 53 to 83.Macon, Heorgia.—There has been no rain all the week.
Planters are marketing their crop freelv.
Columbus, t^eori/ia.—We have haJ no rain all the week.Pickinic is making good progress, and the staple is being mar-keted freely. Crop estimates have been reduced. Averagethermometer 67, highest 76, lowest 53.
Savannah, (Jeoryta.—It has rained very lightly on one dayof the week, the rainfall reaching one hundredth of an inch.The thermometer has averaged M, the highest being 83 andthe lowest 54.
Augusta, Georgia.—^The weather has been clear and plea-sant during the week, and picking and marketing have madegood progress. Tbe thermometer has averag^ 61, rangingfrom 45 to 83.
Atlanta, (ftnrgia.—There has been no rain all the week.The til ti-r has ranged from 46 to 79, averaging 63*7.
AV- igia.—Telegram not received.Clmi'.ri^jit. nouUt, Carolina.—There has been no rain all
tha week. The thermometer has averaged 66, the highestbeiagj&aari the lowest 53.
Statsburg, South Carolina.—We have had no rain all theweek. Tbe thermometer has averaged 63*7, ranging from 49to 80.
Wilson, North Carolina.—^Thero has been no rain all theweek. The thermometer has ranged from 46 to 74, aver-aging 63.
Tne following statement we have also received by telegraph,showing the height of the rivers at the points named at 8 o'clockOct. 7, 1886. and Oct. 8. 1885.
Rew Orleans* Above low-water mark.Memphis Above low-water mark.Noahvllle... Above low-water mark.Bbreveport... Above low water mark.Vlokaborg Alwve low-water-mark
Oct. 7, '86. Oct. 8, '85.
w(. Inek. iPlM<. JfUh8 12 36 8 31 8 2 34 23 8 11 1
Nov reported kbove low-wawr marK, Inateail o( beluw hlgli watermark as prior to Ootober 30. 1889.
India Ootton Movement from all Pobtb.—The receiptsnd shipments of cotton at Bombay have been as follows for
tbe week and year, bringing tbe figures down to Oct. 7,
BOKBAT UtOSIKTS AND RRIPStKXTS FOB FO0B TSARS.
Skipmtnit IKJM wtek
fear 0real OotM- _, , (treat Oonti-
BrU'n. nan*. **'<"• Britain nenl.
1886188518841883
3,000
2,0002.000
e.ooo2,UU07.0008,000
SMpmenU Since Jan. 1.
ToUU.
8,000319.0002.00oUl!»,0009,0O0il!»'<,0<>0M.OOOIUK.OOO
li70,00CItlO.OOOK.'iO.OOO<0.t.000
989,000(189.000
1,128,0001.2M.000
Beceipte.
ThUWeek. Teat.
6.000!I,408,0002.00U 1,U00,OOa3,000 1,995,0007.000|l.970.000
43^ THE CHRONICLE. [Vol. XLlir.
AocorOing to cho rorexolng, iJouibay appears w sftow un
imreasb compared with last year in the week's receipts of
4,000 bales, and an increase in shioiaenta of (1,0!10 bales, andshipments since January 1 show an increan« of 304,000 bales
The movement at Calcutta, Madras and other India ports foi
the last reported week and since the Ist of January, for twc
veare, has been as follows, "Other porta" cover CeylonTiiticsorin. Kiirraohee and Coconada.
«Mpm«n(« for the vietk. BMpmente »i?»«« Jawiaru i
OreatBritain.
Conti-nent. Total.
GreotBritain. Continent. Total
Oaloatta—1886188S
Midrat,—18861886
All others—18861886
1,000
3.000
3.0006,000
4.0M4,u00
1,000
3,000
7,00010,000
GO.Oon09,000
2«,0009,000
60.000ol,000
37.00O18,000
3,000
4800049,i>00
97,00077,00<.i
31.0)09,000
106,000lOO.OOo
Total all—1886l«aR
7,0006.0(10
4,0004.000
11,000lo.ih
118,000119.0<0
80.00067,000
234,000186.0C0
The above totals for the week show that the movement frooj
the ports other than Bombay is 1,000 bales fiiore than sameweek last year. For the whole of India, therefore, the total
shipments since January 1, 1886, and for the corresponding
periods of the two previous years, are as follows:
EXPOBTS TO BOHOPB FROM ALL IKDLi.
Bhipmtnltta all Surope
trom—BombayAll otlierporta.
Total
1886.
Thiivoeek.
8,00011,000
BinctJan.\.
989,0002.<4,000
19.00i> 1.223,000
1885.
Thiivoetk.
2,00010,000
12O0O
8ine*Jan. 1.
685.000ISd.OJO
871,00;>
1884.
TM*vieek.
HmccJan. X.
9.000 l,12j,00012,00.)[ 24ii.l00
2l,00O 1,374,100
Alkxandiua Receipts and 8hipmb!nts.—Through arraufsit-
ments we have made with Messrs. Davies, Benachi & Co,, of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for tb>
ooR^pondinK week of the previous two years.
AletaiMTMi., Mavvt,Oct. 6. 1886. 1885. 1384.
KeoeipCB (oantars*)—TUlR weekHinnp s»i>t 1
50,00082.000
55,00093,000
2.1,000<i3,OiiO
XAKweek.
SinceSept. 1. vieek.
Since 1
Sept. 1.TMtweek. Sept. >.
Ecportfl (bales)-5,0001,000
9, 003,000
1.000 ft.OOO2.000
3,0001,000
4,00!>
fi.OCO
To Oontlnent .... •... 2,cOO
Total "Enrot^p e.ooo 12.0 '0 1.000 7.000 s.ooo
• A oaQCar Is 98 Ibc.
This statement shows that the receipts for the week ending
Oct. U were 50,U0O cantars and the shipments to all Euroue6,0U0 bales.
Manchester Market.—Our report received by cable fromManclitfcitr to-night states that the market is quiet tor boih
yarns and shirtings. We give the prices for to-day below,
and leave ihote fur previous weeks of this and last year for com-parison. ^
1886. 1885
82< Oop.Iviitt.
SM a>:Oott'iUid 82< Oop. SH ID*-
Oottt,SHid.
BKirting: Vpl 1IwiMi. BKirlmiie. UuUli
d. A. R. d. a. d d. d. d. '1. d. ». 4. 1
Aug. 6 7 ®7lfl 5 »i «6 fi 3U m ws^j » 7 »7 1 fta,.
• J3 7 S7H 5 6 «6 6 5ai« S>8 »8% 5 7 ©7 1 50 'd
•' 20 7 a7i» 5 6 «6 6 .«».« 3l,8t»81|uj5 7 1,7 1 5;,.," 27 7 fl7-j 5 6 «C 6 Sifl illi.a8'lit 5 7 971 5>a
&cpt. b eiBi,-7'u 5 6 «6 6 519 3 «859 i 7 «7 1 Vi«Hi" i< ril5.,_77,|, 5 6 ati tS 5^16 ^ «8=8 5 7 »7 1 i>'i«
I" 17 7 »"»« 6 6 «6 6 5>4 7'"i.1l8»it 5 7 w7 1 b'lfl
.1" 24 7i8 »7»8 5 7 a6 7 538 7lEjfla89i,:5 7 «7 1 t>',«
Oct. 1 7M 97h 5 7'«»6 7^ 5iifl i «8->9 5 S »7 2 .>>«
'• 8 73,„_7ii,„'5 7>3'»fl 7", 55,,. S ai8^ 5 8 97 2 519
Cotton Consdmption and Overland Movement to Oct. 1.
--In our editorial columns to-day will be found our usual
Overland Movement brought down to October 1.
Egyptian Cotton Crop.—Our correspondent at Alexandria,
writing unf^er date of September 13, sends the following re-
port of the General Produce Association of Alexandria,, which
we have translated and give below. He adds, there has been
no change since the date of the circular, which is Sept. 10.
Al-EXAMURIA GENEBAL PBODCrE ASSOCIATION (COTTON-GROWING
8ECTION.1—The followlBg Is a summary ol the answers received by us
to the questions sent out Aug. 15, 1886:
Bihira.—The temperature of the month ol AuBUSt has been as favor,
able to the cotton plants as that of the months of June and Juljr; on all
sides they are pleased with the tine appearance of t!io plants and with
the abundance of the tlnwers and of the fruit.
'^The worms, after having disappeared, have returned in some locali-
ties; fhi-ir de;>red ttious up to rhis time continue to bo almost in.signllio-
ant, hut tbelt presence uaturallj" causes uneasiness. Partial fogs have I
been signaled to as from several directlousj whether tliey will prove '
harmless or Injuiious will not be known until after a few days; but in
Kcnerni It is thuuKht that they li^ve not Deen heavy enou;(h to seriously
injure the plants. The flrst gathoriog will begin towards the end of
September In the southern districts of this province, and abaut the 1st.
of October for those in llie north.
C/lor/.trA.—Here also the cotton plants present the best aspect andi;ive the srcatctt liopcs, but they continue to foar the fogs and the
worni.-i. Xheso latter had almost entirely disappeared, when towardsthe 15th of August new eggs were hat.hed in several localities, par-
ticularly in the district of Moraliih, where some fields were literally
ravaged. Fogs have been mentioned since the Itih of August, but it
will be neoestar.v to wait several days before their effdots can be known
.
It Is hoped, however, that they have cauid no serioui harm. Thegathering of crop will begin from the 15th to the 20th of 8eyteaiber.
Dakahtiih.—The information from this province is very satisfactory;
the plantations are prosperous, and although the wormi h ive persisted,
in showing Iheuiselvcs a little everywhere, the injuries up to this lime
are hardly noti' eable. Some fogs bare appc-ared during these last
tifteeu days, but it U said that they are light, a id it is hoped chat tlicy
have not been very injurious. The first gathering will begin from the
30ih of September to the 15ch of October, accordiug to Iho louality.
ead'ouhi'cA.—Very gotid also; the worms have eatirely disappeared,
and it is hoped that thev will not shjw them wives aga n. The harve.it
will begin about the 20lli of September.GacftieA.—The infonuatUm from this province is very favorable on the
whole, although some localities express rather serious coiuplaiats uponthe subject of worm-; —these are Chabas, Go Idaba and some viilagej in
the district of Kafr-Xaiat that complain the most; but after all we think
it can bes.aid that the damage occasioned by the worms up to this ti«i»
is limited and partial; although disastrous for those whose Holds are
attacked, they are nevertheless of little InH'ortance cousldering the
totality of tlie harvest. Every whero ihay hjive mentioned fogs more or
less heavy, wiihout perceptible damige, up to this time. The harvest
will begm from the I5th to the 3uth of Sept. according to the distiict.
Uerto«/(f/i.—Better and better; the worms disappeared a long timeago and their iiuuiies have been almost ut^ Fogs partial and light.
First gathering from the 15lh to the 2jth of September.Fayoum. —They continue to have the best opiuion of the harvest iu
this province, the plantations not having be M reauhed by the worms orthe foss. The hrat gathering began there ab lUt the middle of August.
£e/ii-.Sat(e/'. -The iufo.mation from this proviuce isthasauieas thatfiom Fayoum,General Obsercaliifis.—.Va we have stated in above details, the infor-
mation which our uurres,ioudent8 send us is 8atl^faotory ou the whole;
nearly everywhere the cotton plants are prosperous aad promise to-day
favorable results, superior to tho^e at this date la-tt year. Worms andthe fogs are still to be feared, mainly duiiug the next Ufteen or twenty
days.
We have noted the different times at which the first galherlag will
begin iu each province—it results from these data that the dela.y meo-ttoiied in our former summary is still further reduced, and the croo is nolonger more than on the average uoout eigul days late lor Lower JEgjpt
—lit course taking o :e province with another.
At the beginning of August tha Nile had reached a lorel high enoughto dispel all uneasiness upon the subject of the want of water, and fromthe lOih to the loth of the same month the irrigatluu "liel Raha"'became general iu all Lower E^ypt. We shall therefore uo longer haveto consider that question for this year, conflulng ourselves to the expres-
sion uf wishes that the rise of tlie river, while aban<taiit enough to per-
mitthe good sowing of cereals in Upper E<ypt, miy not become any-
where dangerous euough to inspire fears of inundation.
We have just received the oUioial statement of the quantity of fedtlans
sown this year in cotton iu Lower Egypt. We thaak very sincerely the
government of His Highness for the kindness which he has shown us In
sending us this acceptable commnuication. This is the statement.
Moudirti ">».
LaterEgypt.
BcbcraCharkiob. .
Uakahliiih..
GarbiiSh
Galioublih.
Menoulieh.
15
Cnttnn,
•3
= £.£
465,6111110.763 73-/y
434.303 133,820130-38
462,36783!i,980
187.180351,710
157,727 34-]
275,125J32-8037,2-20;i9-o3
lll,453;31G9
OlastifleaJL'nof the Crope of Colt-)'.
95,3 Ji
129,360
90,275202,803
33,45373,56
II
l,i7o
2,950
40.588
29,290289749
H-1161,200
26,59719,')48
1,267
36,729
'.740.21 1 '«2fi,1 14'30-IS'«26.7(il'7.'>.936 06.31
2,540 135250263! 1
23.813,171100 117
320! 87
27.299."ill
P.8.—AMiXANDitiA. Sept. 10, '86.—The fogs so far have done no harm.
The Cotton Crop in the Memphis District.-
Hill, Fontaine & Co., of Memphis, issued to-day (Friday) their
report on cotton for the month of September, as follows:
"ThesciBon ha.ibeeu more favorable than last j-ear up to this point,
e-tceptin'.' iu Missi,s«ipi>i. where too much wet weather Is complainedoi Picking is progressing rapidly throughinit tlio distrltt, and it is
estimated that 15 per cent of the crop had beeu gathered up to the 1st
of October. The damage to the cro(> from dronghi, shedding and russ
siist lined in August has not been aggravated by unfavorable se^isons,
and the prospective yield of the district indicates an increase of fully
7% per cent as compared with lust year. Arkansas aud Tennessee showilie most favorable proipeots. In the form->r State the increased yield
la placed at \fi^ oer cent, 111 Tennessee at 13 per cent, Alabama at 2'aper cent, while Mississippi shows a decrease of mi par cent. The.
staple is luoxing rapidly to market, and there is no disposition on the
part of the planer to hold his cotton for higher prices."
* " Bel Raha"—a phrase employed by the Egyptians to Wgnify that
the water goes of itself Iu the llelds, without the use of any elevating
maclUue.
October 0, 18Sr.| THE CHRONICLR 487
JcTE Burrs, BAOaixo, &c.—The market for bagging haabeen only tnuderatoly bu-iy during the week and but few largeparceU are mOTing. Orders are limited to supplying thepresent wants of consumers, but the aggrei^ate amount ofstock taken is fair. Prices are steady and sellers are quoting6Vc. for V4 Ih. T^c. for Pilb. 8c. for 21b8 and 8^c. for stand-
ard grades. Hutu are in lair demand and sales are reportedof about 3,000 bla at l^s><^l ll-lSc. for paper grades and2 3-16(tf 234C. for bagging quality, the market closing at these
flfCnna. The stock on band and on the way aggregates 93,-
9U biB, against 88,087 bis same time last year.
OOKPARATTVB Port Receipts and Daily Cbop Movksiknt.—A comparison of the port movement by weeks is not accurate
,
•• the wveica in different years do not end on the same day ol
ibe numth. We have oonaeqnently added to our other standingtables a daOy and monthly statement, that the reader mayooostaotly have before him the data for seeing the exact relative
Miateient for the years named. The movement sinceBefMember 1. lSfi6. and in prpvioiw years, has been as follows.
JtovlAJy T»ar BtgiHtUng t^ttmtar 1.
\»t«.
fl^fab'rl 359,303
fsn^taseof tot. pnnrMShtUBcpi. 30
1885
389,043
0715
1884 1883.
S4»,442
07-«3
848,812
07-09
1882. I 1881.
326,626 429,777
0)-43 C9 10
ThMMaciment shows that up to Sjpt. 30 the reoeipcti at theports this year were 29,439 bales less than in IH-ij and13,756 bales less than at the aame time in ISSi. ThefVoeipts siB«e Heptember 1, 1888, and for the corresponding|>#rioa of thit flve prwviou< years have b»en as followit
:
m.Sp.soOct. 1..." «....
•• 3....•• 4...•• »...•• 6..." 7..." ft .
Total
1888.
8S9.20390,13i
a7,ii»«
•7,»>8s«.e»7X7,4«9
31,0808l,9ia
&80.49I
;• of total
rM>i»* Ort. s
1883. 1884.
389.042,
31.731
27.75i
2^.429
8.
•8.401
1
31.11 »!
14.S3t>l
31.4411
34S.44}
33.93033,»eo33.811
S3,a9»8.
40,845
37.1e3
3<J,S28
1883. 1882.
343,812
33.58833,803
23,43034.98033.3*5
37.134
8.
49.889-i-
583.157 555,070 580,781
lOOO H02
1881.
82«,U«8.
30.981
a.\.l77
85,14083,46l>
3«,4i;
312318.
11-70
408,071
08!
439.777
19,012
8.
36,637
27,147
23S3923.39843,081
33,710
«3d,397
13-52
inia Mauuiwii.1 •uuMF* uuM. Una reuoipla suioe tiept. 1 up tolo-oigfat are now 3,334 bales more than they were to the sameday of the month in 1885 and 31,413 bale* more than they wereto the aame day of the month m 1881. We add to the tablpthe peroantaKes of total port receipts whioh had been receivedto Oct. 8 in each of the yean named.
Tbb Folxowirq abb TBS CMooa RaotiPTB or Cotton atNew York. BoaCon. Philadelphia and BalUmore for the pastweek, and sine* Soptamber 1. I8M.
fnm-
irsw ToBs. Bo«
TMj
RO«.
mtu*
PaiLADSLPB'A BAimiOKB.
TVf atm*t TM* aim** Tkto attu*WMk. nm.x. •w*. m^.\. «Mk. a*n.i. wwk. awci.
n»w OrlMu. II.OBSf StJ74r«<u 11.717 <M.43a
aartBOkb . .
.
O.IOI S>.M4 U« •.4*1 114 tn ten 8.904
Moon* .. . • ...
riorKIa 1,-* ITS ..• ••..
••.CwoIlM,. SJJ7I lajiu .• •• •n tHjHo. CuoUM_ SM i/sa m 06IrslaU I.I« *»* 5ja •SM V»n %JMf» Ml 7U8Kortk** porta 17 IT •Ml vtjimTsuusoti^ai ai« 1.414 iSi tm MS Its 708raroum. s r4
ThUfMr... ujm UMIl ».7*> tiAn tPbtt e.os7 I.4M 6,37i
LmC timf . « '.t l^7.>M< R«»J ri.ius X.MV in.noa !,.** r»-.2
taimiiu t I'W .—The Muona of eonon from the Umu d8latc8 the pat-i w «k, as per laUH mail returns, have reachedOTJB61 balea. bu far as the Bontbem ports are concerned, theee«ra the aame exporu reported by telegraph, and published id
the CHBomcu bat Fri^fay. With r^ard to New York weiaetade the manifseta of all easela olMired np to Thun>d»y._ _ _ .. Tolatbalt*.Kew Toax—To Liverpool, per tntmrm Adriatic. 1.860....
Al»»k». '.'cil .\iir:iiiu. 1,01(> Utr ot BlcluDund,41 o,.-,:s^I."
To |i
To I
To II
To 1
To II
To AToiT.i
1.430 I.IUO• I- 1 HK) I,lli()
-tir, l.sao l.r.so."0 ...KIlM. 490.
• . 1.0D,>....Taoniiins. e.s >..
l,54-,<....Rh7aland, 402...Ino, \2%
. lino. 100.iiii>, y.i
• rKteaturt Ilayllnn. 5,000,.il:. ->i3....Yorkatj-. 4,597
"7 :
Ba'.1
jUok. C<,l34....Kate,
To Bicnirn.prr trainer Annlo. 5,SSOCI»»Rl.R»Tiii»-T.. Iiv.i I. i„r .t,.»io*r Amnhyar, 3.050 ,
OAi.vKXfnw- 1 •rtjiiieo, 4.140 ,
osT"'« -To I , Uitilla, I10....NorM'niaiiHP... '
,
To Yannou; ij, pt<r HUMu.er Ooiuiiilnn, ."^4
rnLADBL,rillA-to UTOrptol. p«r ateamor Lord Cllre, 1,061...
8»;l
1,7.511,'(I4
1251(033
."s.roii
11.H401697' 204
11.8966,6508,«504,140
l,3''n51
1,011
The particulars of these shipments, arranged in our osoalform, are a? follows:
A nhe'p,C'opeu-
B'M Brtnt- hageiKtLiver- and emt OnUen- Tar-vooL Lcilh. Bavre. Hamh. burg. Qenna. mo'lh. Total.9.558 2,53« l.S-jO i,B50 l.a-^s* 3j 17,590.5,000 11,640 1,697 201 IS,541
Bitvanhab.. 11,-56 6,650 17,508Charleston. 3,6'i0 3.650<«alvMton . 4,14') ...... ...... 4.140Boston .... 1.329 ^ 54 1,383PliUadel'la. 1,061 1,061
New Yortt..V. Oriaaiw.
TMal. 36,591 2,530 13,22a 9,997 1,433 33 51 63.861
Below we add the clearances this week of vessels carryingcotton from United Slates ports, bringing our data down tothe latest dates:
QALVasioit—For Liverpool—Oot. 4—Steamer Prineeas, 4,777 Oct. 8—Steauier WuoblDgiou City, .
For Reval-Oit, S—Steamer CrjWQ Prince, 4,300. ^ira% Oblkams—for Llveriiooi-Oot. 1—Steamers Beasel, 2,755; 8*mi,
4.500 ...Oet. .*,—Steamer Saa Juan, 5,513 Oct. 6—SteamerLecliilatar, 3.753.
CBfi.asTox—Fur Liverpool—Oot. 2—Steamer Budapest, 4,574 Oot.5- Steamer Bentaupe, 4,2U5.
For Havre—Oot. 2-dl«aiuer Tbane, 3,340.Fur Bareelooa—Oc't. 2-Bark Eximna, 1,8' 0.
StVAWWAH—For Liverpool- Oct. 6—Steamer St. Asapb. 5,474.WimixOTos-For LIverpo 'I -Oct. 6—Steamtr CuibU B»r, 4,465.Norfolk— For Liverpool -Oct. 7—Steamer Hu^n, 6.751.UosToN- {''or LlTHrp<K>l-8epl. 28—Steauiar Intrlan, 1.408 Sept. 29—
8te>iincr Pavonla. 5.54 Oo'. 4—Steamer Palealiue, 2,079.For ll.ilirtx—Oct. 2—Steamer Uerrlmaok. 100.F.ir Mt'tettli-io. N. 8 —Oot. 6—Sohooner Brw, I.
Baltimoke—For Liverpool-Oct. 2—steamer Barrowmore, 3,913 Oct.4—Steamer .Sova SootluD. .
For Bramcn- Oct. 6—Steamer Uonaa. .
PmuADBLrHiA-For Llven>"ol—Oct. 5—Atesmer Britlata Prince, 1,197.Bax FbaHOUCO—Fcr Llverpool-Sept. 27—Ship AAsa>-e, 131).
Below we give all news received to date of disasters to ves-sels carry cotton from United States ports, i&c.
:
OESSOt'ii, Rteaiuer, at Savanoab loading for Pblladelphln, Are broke outnigbt or Ol t. 4 la carxo. I.«wi tbau '.^00 Oaii^a coitoii ware stowedIn forward bold witb a little oiber frt-lgbt. Tiie bold waa filledwitb water and the lire subdued. Damage to iblp and cargo con-fined forward. After cilscbarge uf cargo and survey tbe bieamerwaa to prooeeal on tbe tilb.
Eaumo, steamier (Br.)—A lighter wItb 136 bulcn cotton for steamerKallog (Br.), at SavaunaD for Liverpool, sunk luKining Sepi, 29.Theouuon. wblrb WKS reoucred. was sllgbtly damagiHl. A sur-vey reoommended all to go forward, ubuui JO bales ou deck.
Ootton frsiachts the past week have been as foUowa:
aaJhir. JTon. Am*. W*dnn fhiirf. Pri
Uvsrpool, steam d. •isB'js "44 ''ai I».4«'»a» Wi4»'j> »»..*'S2 "«4»'siDo sall...d. ... .... .... .... ' .... ..••
Bavre, team....e. 'l. 'u ^S 'it ^It ^i«Do tall e. ... „ • ••• ..•• --•'. >.••
Bremea, atssm-.d >1S *IS *lt »l. •l« *iaDo saU ....If. .... .• >•• .*.. ..• •*•«
Hamburg, ste«m.e. >'« »n list >'3. »M «'..
Do sall....e. ..-. ... .... ....
Amst'd'ir.fteam e 45' 45* 45* 4J' 4S« 45'
Do Ball...e. •«*. .. .•*. ..•
Beval, steam... d. 'm»'4 TjS»«« in*^ 73,«H T,a«*4 7„8UDo aaU d --.. .... .... ...a .... .--•
Baroelona,st«am i. •4 >4 M «* k >4
Q«noa,steaib d la ^4t 'ai '»! ''n hiTrieste, steam...
A
•4 >* H U U HAntwerp, steam.^. *,«»», •.4»»» •»4»»»> "««»»« •«4» S> •<4**i
* Par l«Mi liM.
LiVKBPOOL.—By cable from Uverpool, we have the followhigstatement of the week's sales, stocks, &o., at that port. Weadd pfevJoQs weeks for oompariaon.
Sainhli-i^^l^^ weekO^rtTi^exporters I
week bales'^»« ....
Of wbleb speouiaiora Uiok..tales AinrncauAetoal exportForwanledrntal stock—EstimatedOf wbiob Ametloao—Estlm'd
rotal liuport of tbe week.....Of wblcb American
amount afloat ,
Of wtalota Amnrlran,
Sept. 17 SepL 24 OeL 1
77,0003,0005,000
en.ooo2.0007,000
381,000223,00C25,00(11,00c50.0O<'27,0OC
79,0002,0008.000
56.00(13.0005.000
333,000IHO.OOOIS.fHK11 ,m •<
7«.tM».40,UIM.
63,0003,0<<0O.OOU
45,0004.0005.001
•377,iH>0I^OS.OOt
:f3.oo<'•.; 1 .CK It)
HH.lMHI
52 fH)0
Oct. 9.
63,0005.0002,000
4'i,000
4,000
348!0D0183.000211,00023,000
l','»,00093,000
• 73,fi00 liiili-n add.d to stork.I Of wblpb ol.Oju bales Anifilcan.
The tone of the Liverpool market for spots and futures eachday of the week ending Oct. S, and the daily closing price*
of 8pot cotton, hare been as follows:
8^. Xolwnlay tfontfay. Tuitday. Wtdnsi fAurnCy. rridat
Market.{
U:^ui- M.(
Opl'daiiid.Orl1u.
Hid. Aalee .
a,iec.dtexp.
Future*.
ttsrket,12:30P.M.
Market,4 P. w.
Moderate
5»8SI*
7,000SutJ
?nlet at.04 do-elme.
Firm.
8tmdy.
5%5'i«
10,000900
DnII atI-II4 do-ollne.
Weak.
Barolrsupported
5»95<«
7,0001,000
Bs«rat 1-61 de-
cioe.
Steadr.
Moderatedemand.
9»is57,e8,000500
Dull atl-n4d>)-oltne.
Vorysteadr.
Firmer.
8«,s9'18
12.0001,000
In huyera'fttvor.
57};8.OOO1,0U0
steadr at nnll1 j>4 ad- at 2-fl4 do-
Bareirsroiidr. Kasr.
438 THE CHRONICLK [Vol. XLUI,
The opening, highest, lowe»<t and cloeing prices of futures at
Idrerpool for each day of the week are given below. Theseprices are on the basis of Uplands, Low Middling clause, unlessotherwise stated.
The prieet are given in pence and eitkt, thu§: 4 63 means' and 3 01 meanM 5 1-64<1.
October—Oot.-NOT....
KoT.-Deo. .
.
Deo-Jan
—
Jan.-Feb...
Veb.-MarchMar.-April..
April-Mitr..
May-JULO .
8al., Oct. 3.
Optn BigA Low. 01i».
d.
6UB085065085 06
5 07
6 09
5 II
S14
«.
514608SOA6065066075 09
5 11
5M
d.
5145085 065 06
6066 07
5 09
5 11
5 14
4.
5145085065 06
5065 07
5 09
5 11
514
Hon.. Oct. 4.
Ovtn Bitl\ Lov. aUu
A.
6 IS
5 07
5055 05
6 05
5075 09
5115 18
d.
6185076 05
5 03
5 05
6 07
6 09511513
d.
5125065 04
5 04
5 04
5 0J
50760951«
d.
5 IS
5066 01
5 01
5 04
5 03
5 07
5096 12
Tnes., Oct. S.
Op«n Bigh Low. Olot
d,
5 10
5045 03
5 02
5 03
504SOU508511
fl.
5 10
5046 03
SU2603BC45 06
508511
d.
5105 04
6 03
5 03
5 03
6 04
6 06
5 0i
5 10
d.
5105046 03
5035 02
5 04
5065 08
510
OctoberOct.-Nov....
NOT.-Dec. .
.
Dec-JanJan-FebFeb.-MarchHar.-Apr ..
Apr.-May ..
Uay-jQne..
Wcdnea., Oct. 6. Tbnrs., Oct. 7.
d.
6 09
5 03
SOi5 02
5 02
5 03
5 05
6 07
5 09
d.
5 10
5 04
5 03
5(35 03
5045 06
5 08
510
Open B<g?: Low. CUM
d5 10
5045 03
5 03
5o:<
SOI5085 OS
610
d.
6 09
5035 02
5 02
5 02
5 03
5 05
5 07
509
Opm Bioh Low. Olos
5135065 04
5 04
5 04
5 05
5 07
6 09
512
d.
5 12
5 08
5 04
5 01
5 01
5 05
5 07
5 09
512
d.
5 11
5 05
5 04
5 03
6 03
5 05
5 07
509512
d.
5115 05
5045<35 035 05
5 07
509512
FrI., Oct. 8.
Open BiQh Lovf. Clot
d.
5105 03
5 02
5 02
5 0i
5 03
5035 08
5 10
d.
5106 03
5 02
5 02
5 02
5 OS
5 05
6 08
510
d.
5 09
5 02
5 01
5015 01
5 02
5 04
3 07
5 09
d.
5 09
5 02
5 01
6 01
5 01
5 02
5 04
5 07
609
BREADSTUFF S.Fkidat, p. M., October 8, 1886.
The decline in grain early in the week had little effect in
the markets for flour and meal except to check the demand ;
prices suffered no material reduction ; in fact, good lines of
low grades of wheat flour were not plenty. To-day the
general market was dull, but the city mills had full orders.
The wheat market declined sharply early in the week. Thebull party apparently lost all confidence, and " unloaded ''
at the bfst bids. The decline was checked on Wednesdaymorning, and the market has since been variable and un-
settled, an advance this morning in futures being lost in the
later dealings. The lower prices caused a brisk demand from
local millers, and shippers for a time bought quite freely, but
the scarcity of freight room for this month kept this branch
of the business within narrow limits. There was much depres-
sion in the last hour.
DAILT CLOSmo FSIOBS OF NO. Z BED WtNTBB WHEAT.Sat. Mon. Tuet. Wed. Thnri. Fri.
In elevator 841? 84 83ifl .... 83ia hS\October delivery SJ^ S4 83 83ifl 83 8278Movember delivery SS'a 85>a 84is 84% 8458 84>4December rteiivery 87^8 87% 86I4 b<i\. SdM Si'sJanuary delivery 89^ SdSb 87% 88 87% 87=8May delivery \)i''a Si's 931b 93»8 eSSs 93%June delivery 94%Indian corn also sharply declined early in the week, under
a free selling movement. A fractional recovery was lost in the
late dealings to-day, and the close was at about the lowest
figures of the week. This staple, even more than wheat, has
found its export movement impeded by the scarcity andhigher rates of freight by steam to British ports. The demandfor white corn has been considerable, and this grade has been
better supported than mixed. The whole market was weak in
the last hour.
DAILT OLOSIDa PBI0E8 OF KO. Z MIXED COSN.Sat. Mon. Tuet. Wed. Thuri. Fri,
October dellverv H^H 45 'a .4533 45>a 45% 44>a
Noven.ber delivery 47% 47 ' 46% 4678 4608 4508December delivery 48»8 48J« 47% 4'^>9 4778 47January delivery 49'4 48% 4838 48% 48I9 47%February delivery i'itH 49 48% 48^8 48May delivery Si's 50% 50^3 bOH 49%
Oats have sympathized with wheat and corn, and a lower
range of prices has been accepted. Some variableness in the
past few days did not develop much strength, and the close is
flat at inside prices.
DAII.T CLOSINO PRICES OF NO. Z OATS.
Bat. • Mon. Tuet. Wed. Thurt. Fri.October delivery 81 30% 30^ Bo's 30% SOiNovember delivery 32 31% 3Ha Sl^a 31% 31December delivery 33 32% 32% 32<« 32>i 3178May delivery 36>fl 36 36i8 36>4 36'4 35%Bye is scarce and steady. Buckwheat is firm, being very
sparingly offered. Barley remains entirely nominal. Barleymalt is rather more firmy held, owing to threatened curtail-
ment of production by strikes.
The following are the closing quotations:
.V bbi.FineSuperfine.Spriux wbeat extras.Mlau. olear and stra't.Wintiralilup'Kextras.Wiutor XX & XXX..Paten t8
S vitbem snnerg......Soatb'n oom. eztrat..
Wbeat-8prlng,per bniita.
BprlnKNo. 2.i<ewBed winter, No.
2
Red winterWhite
Oom—West, mlzsdWest. mix. No. 2.West, whiteWest, yellowWhite Southern..Yellow Bouthern.
$2 009 2 652 2>» 2 902 803 3 203 309 4 602 85» 3 253 40» 4 554 25 » 5 00
Bouthem baker'' andtamlly bt'ds. $bbl$3 409 4 65
Bye Sour, supemne.. 3 159 3 40Fine 2 30® 2 60
Com meal-Western, Ac 2 350 2 80R..i*nrt-ewln*» *#» 2 85«»
2 609 2 90 B'kwh'tflour.SlOOlbs 1 90» 2 203 009 3 35
1
78 •80 ft
87J«
82S3i3» 84>s7580434545454846
8887464S%4747hi48
Rye—Western.$ bush.State and Jersey
Oats—MixedWhiteNo. 2 mixed.........No. 2 white
Barley Malt-State, six-rowed
Bai ley- New Canada .
Peas—CacariaBuckwheat
58S21fl38
.. o54 «2984 o3014% 31>g34% 9 36
75 a 8273 ® 8566 •» ....
55 -a 56
The movement of breadstuds to market is indicated in th0statements below, prepared by us from the figures of the NewYork Produce Exchange, We first give the receipts at Westernlake and river ports, arranged so as to present the compara-tive movement for the week ending Oct. 2, 1886, and sinceJuly 31 (or each of the last three years:
SM<{pt< at— FUmr. Wheat. Com. Oatt. Barlsy. Rye.
SI)!*.19flii»JBlMll.60U)» Buth.6» lis ftM)l.32 Ui«'.Bu«ft.48(6»l,»llrt.6fl Ibi
omcaso ICa.OOtJ 468,634 1,372,078 915,570 472.040 12,730
Ullwaukee... 69.2(i8| 329.403 23,520 79,100 245,849 6,240
Toledo 6,IJU6 48D.610 52,53U 6.302 2,730
Detroit 2,889 258.090 28,870 25,193 19.226
Cleveland ... 6.537 67.806 16.100 38,200 11.100
81. Louts. ... 19,230 151,308 114,650 127,305 15a.50O 12,381
Peoria 2,023 12.500 176,100 323,150 13,^00 9,000
Duluth
209.057
1,173,M1
2,914.722 1,782.857 1,509.825Tot. wk. '86 913.915 43,081
Same wk. '85 197,4111 1,907,149 2,808.014 8.021.363 852,936 101.741
Same wk. 84 191,783 3,675,515 2,397,279 1,781.853 618,420 179,010
Sinct July 24
1866 1.715,072 ,"11,891,802 22.628,728 19.100.240 5,338,952 735.639
1865 1,230,083 17,548.849 20.801,037 16.698.453 2.487,H88 917,205
1884 1,808,059 82.078,031 2l,210,<i30 18.929.281 2,553,961 1,930,818
The comparative shipments of flour and grain from the sameports from Dec. 21, 1885, to Oct. 2, 1886, inclusive, for fouryears, show as follows:
Floor... bbls.188.'^-86.
7,887,846
Wheat bush. 44,064.821Com 65,'253. 2.51Oats 38,S)B8 6-<1
Barley 6,:i39.y77Rye I,177,b79
1884-35.8,236,293
38,474.fll775.984,59942,028,2-113.430,1391,531,081
1883-84.8,414,6B6
48,930,16166,713.45641,l'i2,7773.525.C314,803,309
1882-836,793,443
34.825,30587,233.1*8633,57J,8055,S12,6004,663,313
Totalgraln.... 155,806,509 161,443,687 165,160,354 170,914,709
The receipts of flour and grain at the seaboard ports for theweek ended Oct, 3, 1886, foUow:
Flour, Wheat, Oom,At— bbls. bush. bush.
128.126 1,419.134 1.00(1.85017,938 166,361Boston ...••. 124.091
PortlandMontreal 21.30.'i
Philadelphia.. 18,8»7Baltimore 45,341Biohmond 3,670l!7ew Orleans.. 15,220
121,708139,503307,9*252,813
450
114,415119366.j5,69:l
13,749291,501
Oats, Barley,bush. bush.
651,«20 47,776272,552 6,055
7,23025,200
bush10,238
27,870105,78944.13016,23229,'i50
11,445652
Total week... 356,650 2,089,508 1.770.965 1,147,643 86,261 22,335Oor. week '85.. 255,156 1,163,526 1,261,078 1,204,521 55,670 2,i50
The total receipts at the same ports for the period from Dec,21, 1885, to Oct, 2, 1886, compare as follows for four years:
Flour., .bbls.1885-86.9,715,792
1884-85.10,045.659
1883-84.9,900,665
1882-33.10,276,677
Wheat bush. 52.397,f>57 36,853,379 50,694,185 50,075,939Com ,
Oats....Barley.Bye....
63,97.-1.557
29,419,9762,840,375475,416
68,099,04633,733,1202,499,4418,751,519
37,137,30124,401,0222,551,9354,162,606
70,;4ti4,13823,766,0202,3',i-.!.482
3,924,0.12
Total grain.... 149,109,311 142,061,005 119,000,049 150,452,611
The exports from the several seaboard ports for the weekending Oct, 2, 1886, are shown in the annexed statement:
Exportsfrom— Wheat. Oom, Flour. OaU. Kye.
Bush. Bush. Bbls. Bush. Bush.NewYork 451.846 221.298 66.479 1,438 8,500Bosoon. .
.
80329 82,151 76,925 ......
N. News. 76.600 .-A... ......
Montreal. 209,628 80,795 27,825 26,446 ......
Pulladel.. 4 <,000 3,759Baltim're 98,000 90 34.966S. Ori'ns. 35,090 40,106 7.14
Eliohm'd
.
rot. w'k.S'me time1885.
8,760
219,508993,493 421,440 27,884 8,500
576,510 952,503 162,423 84'^,907
Peat.
Bush.1,813
48,734
50,547
18,912
The destination of these exports is as below. We add the
correspondiug period of last year for comparison.
October 9, 1888.1 THE CHRONICLE 439
ttrwtk
OiulUiixOmttn'ntB.*C.AmW. iDdlMBrtt.eoI'«Oth.o'D'ta
Total
Flour.
1886.Week,
Del. 2.
161,039>',uft8
20,3541V,»8812.1203,»4i>
3:9.50x
188S.Week.
OeL 3.
nbU.9^.66.t1.147
1«,1I421.797S6,70S
163.438
188«.Week.
Oct. 2.
BHtK5*i0,74O
404,142
8,61 i
098,493
1885.Weak.
OeL 3.
BuMh3s>l.'200185,306
Oom.
1886.Week.
Oct. 2.
Butk205.522173.6.-437.1 1>2
6.917
1,315
576.510 434,440
1S85Week,
Oct. J.
Rn«A761,4451.^7,12S24,8S28,K9l359
952.503
By wi'^i^K tiuB week's movement to our previouB totals w e
have the following itatement of exports this season and la>t
season:
'*"' WW. Obr».
Ibtiiifi Is-•ffCL-SS.(•Oct.
t. uas.
a,tt.i.-».
uOct.». IWfc
5l»t.l.-88.
tsOet.
t. IMS.
5t»t.l.«.li>0c(.
8. IMS.
«q>(.l,-8»,
UtOcl.
«. I88».
««i>t l.•8^
to Oct.
S. 1885
OnulMat....ftCAa...Wmilamm.nkCoTBlMOU.SMmtr^
Total
BUMSM.WIaa,oas
07.116
eijti«J3Saaas
•atju
BMa.SV.IS4
n.iasl«MSS
•ujra
a-h.4.4flaj07
"atTii
nrjMS•JOS
4
MSW47'
Biu»l.5U.M>8B0.IM5
111.888
46341
•.4a(^
«.31i.st:
nit-
». 1*7.736
Tvsjoa1UI.8»
87,077
IO.WT10,401
4.ias.oM
The Tiaible supply of gimin. oompnsuig the stocks in
a< the principal points of aocumulation at lake and i
porta, and in transit br rail and water, Oct. 2, 1888 :
granarvleaboard
Whmt,In tun mt— tmth
Sow Tors g.48l.ii31Do afl<MU 3;3.000
aibujr 3.000BnflUo },»4»,<»t3Do afloat
Chtsaso 8,500.180Do sfloat
WIIWMikm a.M«,3MDo sSiMtf
Daiuxh e.e«I,OMdo sAoat
Islsds 4.171.653Oamtt. 1>5<.1M6niiW««o 85,000•CLeids. 4.8«4.S(>3~ 83.000
4837364.497
MaalTMl 86343PkfladalpUa 1.M0.458
Oarm, Oau,
3.316.131 1327,373141. too60..'M)0 1063O0
506,623 8.714
»«ijA.
45,541
iV,obo83.607
Bartet.
.V)8(030.u<:0U.l>01
104,30i
4361028 1,135,803 S06.S04 718.843
1308
84.11834.93590.01>0
93.^.11933.000177.379
i,ab6438.707Sft.78830.000
154.887191.041
3388 1.993 120,471
3037338321
432336:<04.000333.137
938313«3MS773M37*37844.713
31,416
5033038.32553.0003.028343
30.8(3
1336443 ^o4.9494.451
164.99774.Sti412.0006.571
32.83812,638
9,509
1389,744S,40e.l«00
156.000I.S53.S84I854300
63,387135,000
IM Ost. t,***. 61.n0352 13.43>.030 4365.005 B18.3J4 I ,.'S.'V0.079
*S(.a^S6.'88. 49.496.4 ll 13.95S.7K1 4.869.838 540.636 1378.034TuLOat. 3.'«5I43,HS33I3 6.183.493 5.617.144 49».I98 425.714VakOat. 4.'84f 2H.2A1.067 7.33*<.''4A3.5ia468 845.741 7u8,70'ifM.061. 6.-831 28323.488 13.414.957 5.688,013 2304.146 873,522
AM.PaolaatiarladsC
THE DRY GOODS TRADE.Mkw Tokk. FTld«r. P. M., Ool. 8, 1886.
The jobbing trade in dry-goods has shown lefs aoimstion
the past w«ek, still a Tery fair distribution of staple and
department goods was made by the principal local jobbers, and
a good supplementary demand ia exproted as soon as the
wsatber becomes cold enough to enable retaiters to market
their parly purchases of fall and winter fabrics. The demandat first hands was somewhat irregular, but a moderately good
busioess in staple cotton goods was stimulated by the advanc.
ing tendency of prices, and further liberal orders for certain
deectiptions of spring good* were placed with manufacturers'
agents for later delivery. The tone of the general market con-
tinues Tery Arm, owing to the exceptionally small stocks
of manufsdured goods on hand and all such price changes as
during the week were in an upward direction. Labor troubles
occurredstill exist in some of the manufacturing di«tricts.
All the knit goods mills at Amsterdam, N. Y., remain closed
oa I his account, and a leriona strike at the Frankford
(PbUadelphis) mills has taken plao* within the last few days.
DoMUTic Cotton Ooods.—The exports of ootton goods from
this port for the week ending Oct. 4 were 8,268 p«cksge«i, and
the principal shipments were 950 packages to China, 54U to
Great Britain. 88S lo U. S. of Colombia, 183 to Hayti. and 103
to Central America. There was an active undertone in the
market for staple cotton goods, very fair quantitiee of plain and
colored cottons having been taken by jobbers and the manu-facturing trade in anticipation of higher prices. Brownshretingi were in good demand by converters, and more than
AB •T8«p JUDpilMai tor tba time of ^ear vaf done is bh^obei
and colored cottons. Prices have ruled very firm, andnumerous makes of bleached goods and colored cottons wereslightly advanced by agents, without materially checking
tbeir sale. Print cloths continued fairly active and very firm
because of the exceptionally small stocks on band, the marketclosing strong at 3%c. for 64x613. and 83.^0. for 56x60j. Stocks
last Saturday and for the three previous years were as follows:
Oc I. 2, OeL .1, OeL 4, Oct. 6.gtoek of Print OlolkM— 18S6. 1S85. 1884. 1883.
Held by ProTldence rnHnufrs. 33,000 S5U.O0O 400,000 110,000FMl River manufaoturers... 34.000 320,000ProTldeaoe speculatore 42,000 260,i)00Oatalde apeoalatora (eat) 10.000 150,000
522.0' 10295.0' 10150.000
214.000286.00060.000
Total atook, (pieoea) 109.0001.080,0001.387,000 650,000
Printed calicoes were rather more active and firmer, owing to
the recent sharp advance in printing cloths, and a fair busi-
ness was done in seersuckers, white good^. quilts and curtain
materials for future delivery. Staple gin^cham were in gooddeoiand, and some makes have been advaaoed by the mill
agents.
DoMBsnc Woolen Goods.—Business in men's-wearwoolens has been of fair proportions, and the tose of the
market continuee very firm. There was a moderately gooddemand for light weight cassimeres, worsted suitings, Sec, bythe clothing trade, and heavy woolens were distributed in
relatively snnll parcels to a fair aggregate amount. Indigoblue suiting flannels were in steady request at firm prices.
Cloakings and Jersey cloths were in irregular demand, butdesirable makes are firmly held, and stocks are well in hand,Kentucky j^ns were in moderate request and Arm, and there
was a fair inquiry for satinets, in which both heavy and light
weights participated. Wool dress 'fabrics were in moderatedemand, and there was a steady movement iu leading make*onacoount of back orders. For flannels, blankets, shawls andskirts the demand at first hands was steady but moderate,
and carpets were a trifle more active in some quarters.
Foreign Dhy Goods.—Importers have experienced a steady
call for small re-anaortments of foreign goods, and a moderatebnsinesa wa* done in jobbing circles. No special activity has,
howcTcr, been witnessed in any particular clasaof gimds, andthe general demand waa chiefly of a han'1-to-mouth charac-
ter. Prices remain steady in this market, and all woolenfabrics are very firm with an upward tendency at the sources
of supply in Europe.
I^portatlona of Dry aoo«a.The Importations of dry goods at this port for the week
ending Oct. 7, 1846, and since Jan. 1, and the same facts forthe correepondimr periods are as follows:
« p-r» <xa> »MIO>-Ci* Oi» nec^ois
00 ^>oa>"*. 1=^ ^ 1—
Oia> Oi»--J'<».* ,''.- ?-.»».'-.-o
*>MX-«MOD a.« cx^xv*> aoo XCO>9aD
OD gs «-> M—<D ».=- f.f-ap»
>-• >JC*-UII>C^ -40D 'OtJt'KtC*-^CO ** 0*.—-4U
>-tOUWplV]**—booW -> Oi ; O
B
s»
MKUMO
odVWomQD roow;/*
8M MISW-4WM
\l't »OM
UOD{
»»uooet
KOtOODO
?E I: i Sfl
g: g: : : : ii : : : : : e
15to
u
Ok
90 aoox*.^
ro00
10^ 1 t-*
P-J. Op* ^^
Sod
I
ft- CO-•JO**
it -ICOIOOiC*
'*-'<o
uw
M -
K?.S§£
MM_MU;J (SOD
M3 «®C"OtlOO-O^XOmSo
a; S: ! S: : 3
: &: I
00 oiue*>CM
I *.^IA^^
<sIio>o-)Ka>W MOO-tD -
J^l I AUOO— 14w
twioVVb
OD M-Oa>-4Oft I «60CO-I^
A a< X IA :o— p»..JM
: -imoom'ioODC XO %1
I
OUXW33Iwob'-jo
<toftI
ODOI
ftMOiCXMt0 tD QD QD CDU. _^ ^ 1^ JU
av woDtt
CDJw^tTT*
OD ^^O-J-' Ji» I OD c;i '^o oa
1^ '*»'otolcco^1 wo J« j; ^1
ao*uiw I
UI19U to I GP
CD CC X*-. .
440 THE CHRONICLR iv^oL. XLm,
M^xnkSf %Kul^sxs atiit %xoiiCxs ®nt of ^evo Wiovl^,
BANKS.
LoDowioK J. Hiu., K. S. McCandlkss. a.W.HillPrMldent. Cashier. Vloe-Pras't
THB
Gate City National BankATLANTA, GEORGIA.
Dttignaied Depository of the VniUd Statet.
Capital and Snrplns, - - $300,000 00Accounts of Banks, Merchants, Corporations and
- ndlvidiials respectfully solicited.Collections promptly made and remitted for.Will act as a^ent for the Investment of idle and
surplus funds of Banks or Individuals.In our active and tfrowinK city money is alwavi In
demand. Our rates reasonable. Give us a trial.
Geo. Stcboks. Pres't. F. W. Qooein, Asst. Cash
North-Western Nat'l Bank,CHICAGO, IL.1.I1VOIS.
Capital, $200,000. Sarplos, 960,000.This Bank holds in addition «1,000,000 U. 8.4 per
cent Bonds at par. pledKed by its stockholders fortile protection of Its customers. Said bonds arepledged ua above instead of beiuK held by the Bankas a part of its letral surplus, to avoid what we thinkunjust and excessive local taxation.
Bhibman S. Jewktt, Pres. Josiah JEWBTT.V.PresWilliam C, Coknwkll. Cashier.
Bank, of Buffalo,9300,000CAPITAL,
BUFFALO, N. Y.
This bank has superior facilities for making collec-tions on all accessible points in the United States.Canada and Kurope. Liberal terms extended to ac-counts of bankers and merchants.CoiiKEspoNDENTS.—New York, National Shoe k
Leather Bank: Union Bank of London.
W. T. Blackwkll, Prest. P. A. Wilkt, Cashier,
The Bank of Durham,DCRHAin, N. C,
Pay Special Attention to Collections.FIRST-CLASS FACILITIES.
New York Correspondents.—The National Park Bankand Seventh Ward National Bank.
H. OARI>Eg,Vice-Pres't.
B.A. GIBAITD,
Commercial National Bank,HOVSTOIW, TEXAS.
Capital, ..... . S200,000Collections receive our special attention and are
promptly remitted for.
J.Q.Fletcher,) STATK BANK, (C.T.Walker.President, t Incorporated 1876. ( Cashier.
German National Bank,LITTLE ROCK, ARKANSAS.
Capital ( Caid in) - - - - - $200,000Prompt attention Riven to all business in our line.N. y. roRRESPO.VDENTS.—importers' & Traders'
National Bank and National Bank of the Republic.
B. B. BUBBrss, Pres't. A. K. WALKKB, Cashier.
First National Bank,WILMINGTON, N. C.
Oollectlona made on all parts of the United States.
MERCH.4NTS' NATIONAL BANK,RICHinOND, VIRGINIA.
Collections made on all Southern points on bestterms: prompt returns.
JOKN P. BRANCH, President.John F. Glkns. Cash. Fred. r. scott, Vice-Pres't
SfEW ESfOLAIVD.
joshda wilbour, charles h. 8hkldon, jbBknjahin a. Jackson, William Binnet, Jb.
Wilbour,Jackson & Co.,BANKERS AND BROKERS,
No. 62 WEYROSSET STREET,PROVIDENCE, R. I.
Dealers in Commercial Paper. Government andother flrst-class Bonds and Securities and ForeignKxcban^e.Private Telecraph Wire to New York afid Boston.
HEMT ENOLAIVD.
Brewster, Cobb& Estabrook,
BANKERS,No. SB CONGRESS STREET,
BOSTON.MEMBERS OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.ALSO,
Dealers In municipal. State, Railroadand Ciiited State* Bonds,
PENNSYLVANIA.
Joseph G. Martin,STOCK BROKER,
AND DEALER IN INVESTMENT SECURITIES
No. 10 State Street, Boston.
Samuel G. Studley,COMHISSION STOCK BROKER,
No. 4 BxcbanKe Place, Room No. 4,
BOSTON, IHASS.
E. W. Clark & Co.,BANKERS AND BROKERS,
No. 35 Soalb Third St., Pliiladelphla.Railroad, Municipal and other desirable Invest-
ment Securities for sale.Transact a general banking business. Allow Inter-
est on deposits.Members of the Philadelphia and New York Stock
Exchanges, and connected by private wire with NewYork.
Narr & Gerlach,BANKERS AND BROKERS,
No. 437 CHESTNUT STREET,PHILADELPHIA.
Members of the Philadelphia and New York StockExchanges.
Cable Transfers, Bills of Bxchanse and Letters ofCredit.
Jos. M. SHOIMAKIB. BOBIBT M. JANNIT,
Jos. M. Shoemaker & Co.BANKERS AND STOCK BROKERS,
No. 184 SOUTH THIRD STREET,
PHIL.ADEIiPHIA.
PITTSBURG, PA.ESTABUSaSI) 1871.
Whitney & Stephenson,BANKERS AND BBOKERS,
No. 57 FOURTH AVENUE.Only Pittsbur« members N. Y. Stock Exchange.
BALTIHORE.
Wilson, Colston & Co.,BANKERS AND BROKERS,
(Members of Baltimore Stock Exchange),
BALTimORE.(INVESTMENT and SOUTHERN SBCUKITIBS a
snecialtT 1
Correspondence solicited and information fur-nished.N. Y. Correspondents—McKlm Brothers & Co.
Robert Garrett & Sons,BAKKERS,
No. 7 SOUTH STREET,BALTIMORE,
TRANSACT A GENERAL DOMESTIC ANDFOREIGN BANKING BUSI.NBSS.
WESTERN.
liVESTERN.
Lamprecht Bros. & Co.,JJANKERS,
No. 13? SUPERIOR STREET,CLEYELAND, OHIO.
Transact a Keneral hanktnff business, and DEALIN TOWN. COUNTY AND CITY BONDS. LisUand prices furnished on application. Write us If youwish to buy or sell. Refer, by permission, to Societyfor SaTtPifB, SaTlngg & 'lYust Co. and National Banksof Cleveland. Ohio.
Chas. H. Potter & Co.,INVESTMENT BANKERS,
CLEVELAND, OHIO.SPECIALTIES:
TOWN. COUNTY AND CITV BONDS,LAKE SUPERIOR IRON MINING STOCKS.AND STREET RAILROAD BKCnRlTIHH
ESTABLISHED 1871.
P. F. Keleher & Co.,806 OLIVE STREET, ST, LOQle,
Dealers In IVestern Securities.
Defaulted Bonds of Mlssonrl, Kansas and Illlnoli aSpeolalty. Good InTaitment SaoailtlM. parlof trontour to «l«bt per cwh t9I Hih
N. W. Harris & Co.,CHICAGO and BOSTON.
RDNnQ "' Counties, Cities, ftc. of hlith grade aD^^lUQi recialty. Sand for negcrlplfve l.iHta.
SOUTHERN.
ATLANTA.
Humphreys Castleman,BROKER AND DEALER IN ALL KINDS OF
SECURITIES.Bonds and Stocks bought or sold on commission.
Georgia and Alabama Securities specially dealt in.Correspondents: Tobey & Kirk and A. Duteahofer,
New York.Reference : Atlanta National Bank, Atlanta, Qa.,
and Fourth National Bank, New Vork.
W, H. Patterson,BOND AND STOCK BROKER,
ATIiANTA, OA.State, City, Railroad and other Corporate Securi-
ties of Southern States wanted and for sale at ailtimes. Mortgage Loans on city and farm property,two to ten years, paying six to elglit per cent, fur-nislied. Prompt replies to correspondence, mail orwire. _^
THOIVIAIS BRANCH & CO.,BANKERS AND COMMISSION MBRCHANT8,
RIOIIinONI», VIRGINIA.Circulars and information on funding the debts of
Virginia and North Carolina free of cost; one-eighthper cent charged for funding. Southern Railroadand State and City Bonds bought and sold.
C. W. Branch & Co.,BANKERS AND BROKERS,State Bank Building,
RICHMOND, VA.Private wires eonnectiiitr with Washington, Balti-
more. Philadelphia and New York.New York curre-spondent.s. Prince & Whitely.
STOCKS and BONDSAt Auction.
The Dnderslgned hold REGULAR AUCTIONSALES of all classes of
STOCKS AND BONOS,OM
WEDNESDAYS AND SATURDAYS.ADRIAN H. iniJI.L,ER A SON,
No. 12 PINE STREET, NEW YORK.(KQCl r.VHI.K Bt'll.rJIXG.)
Insttraucjc.
The United States Life
Insurance Co.IN THE CITT OF HKW VORK.
(ORGANIZED IN 18S0.)
261, 262 & 263 Broadway, New York.
Q. H. BCRFORD, President,
0. P.Fralmgb, Seo'y. A. Whbklwkioht, Asst8m.
Wm. T. Standen, Actuary.
All the proflu belong to the Policy-holders excln-
slvely.
All Policies issued by this Company are DrDiSPUT-
ABLE after three years.
All Death Claims paid WITHOCTT DISCOUNT as soon
as satisfactory proofs have been received.
This Company issues all forms of Insurance, In-
cluding Tontine and Limited (Non-Forfeiting) Ton-
tine.
One month's grace allowed in the payment of
Premiums on Tontine Policies, and ten days* grace
on all others, the Insurance remaining in full force
during the grace.
Absolute security, combined with the largest liber-
ality, assures the popularity and success of this com-
pany.
GOOD AGENTS, desiring to represent the Com-pany, are Invited to address J. 8. GAFFNKY, 8up«r,
H^ntl^t of AgeDoles, itt Borne Ofloe.
OCTOBKB 9. 188B.J THE CHRONICLE
tnsnrnxnct.
mutual^'benefitLIFE INSURANCE COMPANY,
NEWARK, W. J.AHSI DODD, ..... Prealdent.AlMU (Market Values) J88,eu>.SlV 38UsMltUei (4 per cent Reserra) 8&.8fi7.tW7 10fnrphu a.1S7.4«l IBSnrpliu (New Tork Standard) 5,411X1 30
Policies Abdolntely Non.ForfeltableAlttr Second Year.
Ik CA81 or UAFMii the Poller la co!<Tixm> inPORCK aa lonjr lu lu Tulue wlU PA7 for: or. If pre-ferred, a Paid-up piilic7 t"t iu full raloa u lasued Inexchanire.Ari«r the tbird rear Polldee are ncoimsTABLB,
•xeepc aa amUnst Intentlunal fnod ; and alt ratricUeni aa la traatl or occupati/m ore < -noMd.CAiaiu>A«aai«aMdaio tbeezM; . of M pereent
of the
i
wn Talaa, wher« ralld aaals aanu of tbePoilaiea oao be made as collateral seenr.. r-LueaV paid Imoiediatelj apon eoapletion and ap-
proral uf priMfla.
UNION MUTUALLife Insurance Company
PORTLAND, MAINE.JOBN K. OE WITT, Pred«ei|t.
OROAN12MD ISM.Writ* to tk* CoBpanr or Ha A«aata for draalan
erplatnlBff
Tke naine Non-PorfeUare Lair.
I/M8BB PAID PROMITLT AND WITUOUTDISCOUNT.
Tbo Coayaajr la atninc. rellaMe and popnlari andlaraaa a Tartelr of pollelea lanlled to tiia dUfteeotdrewnaiaftcee o1 lasorers.
EQUITABLEUFE ASttlRANCE SOCIETY,
130 BROALiWAY, NKW YORK.KNBT . HVDB, PrMldaat.
Anvro, Jam-ABT 1st. iM« ie8.9a8.»7oeUA Bl LlTias, 4 par cant ValBatkn . . Itjau .148 »7
IICRPI.U8 •la.MM.lWU(•nlaa oa n, T. ttmntmr* 4H per eant
laterMt. •lT,49<.Sa9,40.)r I4aMIU<«s, M> wsrvsfandiird of eahio-aa Ua( It/ anir atktrJA/* Amitattc4 Oom-
NBW AMUBAXn IB UM 108,01137800OrrrraxiiiNo aaatrRaicca m.aa8.M0OOTotal paid foJirt-UoMan In un 7.U8JMiaBPiitdHi>IICT-lli.ldersslDeaOri>nli«llon mjlia7Sa8UouMi In M«. in.atn.nM u
Brinckerhoft, Turner
& Co.,Maaafaetaran and Daalan la
COTTONSAILDUCKAnd aU kinds of
OOTTOn CANTA8. rKLTUta DDCK, CAICDTaUMO. BAOOINO. RAYBNB DnCKtAAJL
Twutas, AC -ONTARIO" BtXkijaaASa, "AWNINO aTBLPM.
Also, Axaou
OlflTKD STATBS BVIfTIIfa OO.4 tan aa>plr. att Widths and (Mm. alwara la atoat
l*o. I Oft Dnane tttreet,
SECUKE~BA]SK VAULTS.
ii
Insti);atiJCje.
OFFICE OF THE
ATLANTICMutual Insurance Co.,
raw YORK. January -iS. 1880.
, tai elmfonnlty to the Charter o.
tke CoBpaay. anbrnlt U>« following Btatameat
of Ita aflWn on tbe Slat Deeenber, 188d:
PremloiMoa Marine Hlakatrom
lat Jaanafy, 1882. to Slat
Daeember, 188S •3,856.918 se
PremlQBiaoa PoUelaa not marfcert
on lat JaaaaT7,U86 1.33«,A2S 10
Total Marine Premliuna 96,190.143 7<
Premlmna marked OH from lat
January, 1889, to Slat Decem-ber, 1888 <3,770.<»4 3
I/oaaaa paid dnrtnx the aameperiod >1,>1S.030 67
Balama a< Premliuna and Ex-
minil 9776.713 43
IkeOompaBThaetkeMlowiBC Inila, tU^UattaiatalMaadaialaaf BnrTaik ateak. iMf, Baak aad
•B,034.flW
ewinid by Stoeka andl,43S.ai>
Baal Satala aad Clalma doe tha
Oonpany, eattaaatcd at. 630,000 00rnrnlnm Moiea aad BlUa Bo-
•alvaMa l,A0a,14S MMb la Baak. 118.t»7 WABOoat. •18,740^32« 4«
BIX PKB CXBT IimCBBn' on tkee«WdIns eertUtoataa of proflta win be paid to tta
holdara tbamol; ar UmIt le«ial npnaaataMraa.on aad after Taaadagr.tlM9da<P*braaryaazt.THS ourarAHDiKo osBTincAm af
tb« laaa* (rt 1881 WlU be ndeeoMd and paid to
tke boldara tkereof, or tkeir le«al repraaanta-
lliii III! aBil afliii Tinallaj. IkaHl iif raliiiiaij
next. Maa wklak data all lataiaat tkamoa wlUaaaaa. Tke awlUlualaa w be prodaead at tbe
il»aa< piffaiifad iiaeilid.
A DITIDKVD or POBTT PBB CUrr la
deaiarad oa the net earaed pnankaH of tkeOomraay, fM Ike year aadlaff Slat Oaaaabar,188A, for wblok eettUeatea wlU be laaned onaad after Tuaaday, tbe 4tii of May oexv
Byofdaraf tkaBoaid,
S..M, OMAPKAIf, flecretary.
TBVSTBBStJ. D. Ji
W.H B-Moare.neaLow,A.BaTea,
iB.Ptald.
JodlakO.Low.TkoauaB Oaddla«tM,
BameeOray,WnUanSL. Ood«a>WUIUm U. Maey,
C A. Hand,Jobn O. Hewlett,
William 11. Webb,Cbarlaa P. Baidatt,
KdaiBad W. OerUaa,
Adolpkf—njue,
Bobart B. Mlatarn,Cbariea H. Manhall,Prfsdertck fl. Onaitt,
Wllllani Bryoe,
Jobn Elliott,
Jasee O. Oe Foreat,
Ckarlaa D. Levarloh,
JAhaUBlkar.. DaatoD Bmltb,
OaoTnaBUaa,Baaiy . Hawley,WUllam D. MontaB.laaae Bell,
Eilward Floyd-Jonaa,AnMio W. Hard,Xbuiaaa Maltlaad.
JOHK D. JOBBB, Pnaldeat.
CHAKLBB DKlTWn, Tlae-riaaldrat.
W. H. H. MOORK, ad Tloe-PraaX
A. A. BAVUr, 3d TIaa-i'raaldaM
WELDEIItHKOMESTKELAND IRONla Beaad and riat Bars, aad G plj Plates and Ancles
FOR 8AFE8, VAULTB, Ae.
Cannot be flawed. Cat or nrilled, and praetloalliBurKlar Pnx»f.
CIIBOnE STEEL. WORKS,Clmalara Pne. BROOKI.VN, R. T.
JOSEPH CI LLOTTSSTEEL PENS
COLD MEDAL PARIS EXPOSITION -1878.
THE MOST PERFECT OF PENS
^isceXIatieotiB.
Crenshaw & Wisner,71 IVALI. ST., NEVr TORK,
connissioN hercuaikts,Members of the Cotton. Coffee and Produce Bxoh*i
AOSNcr ow
THE HAXALL CRENSHAW CO.,RICH.nONO, VA.
StAQdard Brands of Fluur for Shipment to WarmClimates always on band.
OEIEMT ttUANO MANCFACT'O CO.,ORIENT, I.. I.
Standard Huperpboepbales.
SULPHUR MINES COM^NYOP VIKGIMA.
HIsh Orada Prrltaa free from Ananle.
Bliss, Fabyan & Co.,New York, Boston, Philadelphia,
dBLUIie A0BNT8 KOR LBADINO BRANDSBROWN dc BLKA4'H£B 8HIRTIHGS
AND MMKKTi:\G8,PRINTS. DBNIM«. TICKS. DUCKS, Aa,
Towrela,4allta,Whlte Goodadc HoaleryDriiU, ll*ettiHg$, dc, for Kxport Tnutt.
William W. Porter,Attorney and Counacllor at Laiw
Mo. 623 WAIJfUT STREET,PhUadelpbla, Pa.
OotporaMoii, TraoapoRatlon aad Conunarelal Law.BBFiamcia.—Tbe Traat Oomnaalaa, Tha Natlonaika and Railroad OoBaanlaa la PkUadalplUa. aa*Jadaaa of any of tkaOoarta.
BMTABLI8HKD UBO.
Engrene K. Cole,BTATIONBR AND PRINTER.
Bappllea Baoks, Bankara, Stock Broken and Oorporatlonawlth eoiplata oatOtaof Aanoant h<hi>s andStationarywr New aoaaama oraanlalaa will h^e their orderspriimptJy axecatad.
No. I WILLIAM STREET,IIIANIIVKK <IOUARIC.I
(fPottoti.
Alexander & Cargill,CXDTTON BROKERS,
AVGCSTA, GEORCIA.atlia atlontlaa Blrae to porahasa of (X>TTOB
TO Oaom for anMHBBS and KZPOBTBB8.CoaaiaraaDavon Bouorbd,
RcraBBXcaa.—Natlqaal Baak of Aanala. OaHanrr llenu A Co., Oommlsalon Maroaaata, RawTork I WUllam B. Dana A Co.. Proprietors CoMMIB.ciaL A rijiajiciAL CaBoidCLi, and other New YorkHoosas.
Walter & Fatman,COTTON BROKERS,
(S BEAVER aTREBT, NEW ¥ORR.
G. Schroeder & Co.,to warb a bchrobdbr.
OOTTON 00BIMIS8I0N MERCHAim,CottoB Exchaniro Balldlnr,
wKiy vowK.
WAL.DRON a TAINTER,CXTTTON MERCHANTS,
COTTON EXCHANUK BI'ILDINO.SPBCIAL ATTENTION TO COTTON trUTURBB
Geo Copeland & Co.,OOTrON BROKEB8,
134 PEARL STREET, NEW^ YORK.
F. Hoffmann,COTTON BROKER AND AGENT,
38 BDB DB LA BOIIB8B, HATBE.
JOHN H. CLISBV A CO.,
COTTON BUYERS,
nONTOOHIKRV, ALA.PoBoaAaa o.vlt on ouDciia roaa Coaaiaaioa
tfii THE CHRONICLE. [OCTOBEB 9, 1886.
iS^ottovu
Woodward & Stillman,MERCHANTS,
Post Building. 16 & 18 Excliange Place,
NEmr ITORK.
LOANS MADB OS ACCKPTABLK SECURITIES.
gpaOLiX ATTKNTION to ORDBBS fob C0NTBACT8
»0B FUTtTRB DBUTIBT OF COTTOH.
COTTON, ALL GKADK8, SUITABLK TO WANTS
OF SPINNERS
OFFERED ON TERMS TO SUIT.
Robert Tannahill & Co.,
Cotton Commission Merchants,
Cotton Excbange BnlldlnK, Ne-wYork.
Special attention given to the purchase and sale of
FUTURE CONTKACT8In New York and Liverpool.
J.C. Graham & Co.,
19 Soutb William St. & 61 Stone St.,
fiUMf YORK.
COTTON.BUYERS FOR AMERICAN MHiS.
Selma, Montgomery and New York,
R. Macready & Co.,
^COMMISSION MERCHANTS,
CTJttonj^lkxchangk Buii.mNo,
NEW YORK.
Cotton, Coffee, Grain and Petrolevun Bought and
Bold for Cash, or carried on Margin, on the varlons
Kzolianges In New York City.
Henry Hentz & Co.,COMMISSION MERCHANTS,
8 South fVllUam St., New York.EXECUTE ORDEKS FOR FUTURE DELIVERY
COTTONat the NEW YORK. LIVERPOOL AND NEW OR-LEANS COTTON iii€UA^UES. Also orders for
COFFEEat the NEW YORK COFFEE EXCHANGE, and
CRAIN AAiD PKOVliilONSat the NEW YORK PRODUCE EXCHANGE and
the CHICAGO BOARD OF TRADE.COKRE8PONDBNT8
:
Messrs. Smith, Edwards & Co., Cotton Brokers,LlTerpuol.
J as. Lea McLean. New Orleans.
LXHHAN, Sterx & Co.,New Orleans, La.
Lehman, Durr & CoMuntgomery, Ala.
LEHMAN BRO'S,Cotton Factors
ANDoominissiON merchants,
No. 40 EXCHANGE PLACE,UBJIBSRH OF TUK VOTl'ON, VOtFEE AND
PRODUCE EXOBAXOEll.Dp-town Office, No. 20* Church Street,
New York.Orders executed at the Cotton Exchanges In New
York and Liverpool, and advances made on Cottonand other produce consigned to us, or to our corres-gondents tn Liverpool ; Messrs. L. Rosenheim it
ons and A. StemA Co.; In. London, Messrs. B.Newgass & Co.
Rountree & Co.,COMMISSION MERCHANTS,
COTTON KXC-IIANKK, NKW YORK, andNOUFOI.K, VA.
COTTON, GKA1>, PHOVl!4IONS,btockH and Petroleum.
Orders executed in New York. Chicago and Liv-erpool. All grades of coiton suitaOle to :splxuiers'muu oOsred on favorable terms.
i£/aUon.
INMAN,SWANN&Co
COTTON MERCHANTS,
Neur ¥ork.
G. E. Staengleii,
NEW YORK, NEW ORLEANS,
AGENT FOR
COTTON COMPANY OF STUTTGART.
AQtHorlzed Capital, R. U. 20,000,000,
Pald-Up Capital, R. M. 6,000,000.
Williams, Black & Co.,1 TTILLIAM STREET,
NEW YORK.
PETROLEUM, STOCKS,COTTON, GRAIN,
PROVISIONS, COFFEE.ORDERS EXECUTED IN
NEW TORK, CHICAGO, ST. LOUIS,
LIVERPOOL, HAVRE ANDNEW ORLEANS.
Mohr, Hanemann& Co.,
COTTON EXCHANGE B17II.DING,
New York.
SPECIAL ATTENTION GIVEN TO THB EXEOCnOMOP ORDERS FOR FUTURE OONTRAOT8.
Gwathmey & Bloss,
COMMISSION MERCHANTS,
No. 123 PEARL ST., HEW YORK.
Orders for fnture delivery of Cotton executed In
New York and Liverpool; also for Grain and Pro
visions in New York and Chicago.
John L. Bitllard. Henrt H. wheeler.
Builard & Wheeler,COTTON COMMISSION MERCHANTS
NEW YORK.ALSO .
BAGGING AND IRON TIES,(FOR BALING COTTON).
Advances made on Cotton ConslgnmenU and SpecialAttention given to purchase and sale of FUTURECONTRACTS OF COTTON.
Dennis Perkins & Co.,COTTON BROKERS,
135 Pearl »treet, New York.Orders for Spot Cotton and Futures promptly
executed.
FELLOWES, JOHNSON & TILE8T0N,COTTON, STOCKS, BONDS, ice.,
96 WILLIAM S1REET, NEW YORK.Ordan tn " Fntnrw" exeButad at N. Y. Cotton Bx«k
^ottovu
Geo.H .McFadden& Bro.COTTON MERCHANTS,
PHILADELPHIA.
LrVERPOOL CORREgPONDENTn,
FREDERIC ZBREGA & CO.
Price, Reid & Co.,Cotton Brokers& Cominission Merchants,
NORFOLK, TA.Liberal advances made on Cotton consignments.
Special attention given to the wale of cotton to ar-rive or in transit for b' th foreign or domestic markets.Correspondence solicited.
EdwardH . Coates& Co.
,
Cotton Commission Merchants,
No. H6 CHESTiVin' STREET,PHILADELPHIA.
No. 4» MAIN STREET,NORFOLK, VA.
SPirmERi- ORDERS SOLICITED.
B. F. BABCOCK&CO.COMMISSION MERCHANTS,
IT Heater Street, LIVERPOOL,Receive consignments of Cotton and other Produce,and execute orders at the Exchanges in Liverpool.Represented In New York at the office of
SAM'L D. BABCOCK,82 Nassau Street, New York.
pitacellauc0ttB.
Bethlehem Iron Comp'y40 and 42 Wall Street,
raanliattaii BnlldlnK, New York.
BAGGIN G.WARREN, JONES A. ORATZ
ST. LOUIS, no.niaanfacturers of Pure Jute Bagging.
IMPORTEB8 or
IRON C4»T'I'0!V TIE».
Phenix Insurance Co.OF BROOKLYN,
OlHce, 196 Broadway, New York City
Btatement of Company 1st Day of Jan., 1886CASH CAPITAL »1,000.000 MReserve for unearned premiums 8,846.048 84Reserve for unpaid losses 944,473 OSNetsurplus 714,187 4»
14,910,488 88
STEPHEN CROII^BLL, Presiaent.WM. R. CROWELL, Vice-President.PHILANDER SHAW, Secretary.GEO. U. FISKE, Assistant Beoretarj.FRANCIS P. UURKE. Seo'y Local Dep'U
iETNAInsurance Company
OF HARTFORD.Capital $4,000,000 00
Liabilities for ahpsld losses
and re-lnsaranoe fund 2,057,776 24
Netsurplus 3,202,320 41
Asset* Jan. 1, 1886 (9,260,096 6C
No. 3 Cortlandt St., New YorkJAS. A. ALEXANDER, Acent.
COMMERCIAL UNIONAssurance Co., limited,
of london.
Offioe, 0or.PinediW%aiam8U.,NnB,Ttrk